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...

Classifications on the world's legal systems have long been the subject to studies in comparative law. The modern comparative approach however, no longer relies solely on the classic categorization of common-civil law countries. This general classification fails to consider that legal systems...

Auditors used to serve the interest of the shareholders only. However, there have been significant changes in terms of auditors' role and their function. Auditors are now expected to verify financial statements, but at the same time give an assurance regarding the financial sustainability of the...

Turkish Abstract: Dünya genelinde kurumsal yönetim alanında benimsenmiş bir yönetim aracı olan bağımsız yönetim kurulu üyeliği uygulamasına, ülkemizde de 6362 sayılı Sermaye Piyasası Kanunu’nda ve Kurumsal Yönetim Tebliği No. II-17.’nin ekinde yer alan Kurumsal Yönetim...