Independent external auditing has recently received a great deal of attention, not only in the United States and in Europe but also everywhere else in the world, including in emerging markets such as Turkey. Turkey, as a candidate for European Union (EU) membership, has launched a number of...

Company law regulations establish the responsibility of directors towards the company and its shareholders (and to creditors in case of insolvency). The interests of stakeholder groups, including the interests of employees, the environment and the society considered as irrelevant in terms of...