IDEAS home Printed from https://ideas.repec.org/a/bor/bistre/v18y2018i2p150-165.html
   My bibliography  Save this article

Adequacy of audit committees: A study of deposit banks in Turkey

Author

Listed:
  • Mustafa Tevfik Kartal
  • Cemal Ýbis
  • Ozgür Çatikkas

Abstract

The purpose of this study is to investigate the adequacy of the audit committees in Turkish Banking Sector. Considering national and international legislation, and best practices, audit committees' adequacy involves the issues regarding committees and the responsibilities of committees. Interviews and questionnaires in 6 deposit banks were carried out to investigate the adequacy of the audit committees. The data, collected through the interviews and questionnaires, were analyzed by frequency analyses, alfa test and t-tests. According to the results, a variety of deficiencies were determined in the audit committees' structure and responsibilities of internal control, risk management, accounting and financial reporting, independent auditing, valuation services, and rating bureaus. Although all the banks examined in the study were deposit banks, the adequacy of the audit committees varied according to the banks. Banks’ board of directors and the audit committees should update their approach in order to carry out their duties more efficiently.

Suggested Citation

  • Mustafa Tevfik Kartal & Cemal Ýbis & Ozgür Çatikkas, 2018. "Adequacy of audit committees: A study of deposit banks in Turkey," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(2), pages 150-165, June.
    • Handle: RePEc:bor:bistre:v:18:y:2018:i:2:p:150-165
    as

    Download full text from publisher

    File URL: https://www.sciencedirect.com/science/article/pii/S2214845017301667
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amira Neffati & Wided Khiari & Azhaar Lajmi, 2020. "Corporate Governance And Post-Merger Performance: Evidence From Us Banks," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 9(3), pages 99-113.
    2. Xinmin Liu & Kangkang Lin & Lei Wang & Hongkun Zhang, 2021. "Stochastic Evolutionary Game Analysis Between Special Committees and CEO: Incentive and Supervision," Dynamic Games and Applications, Springer, vol. 11(3), pages 538-555, September.
    3. Serpil Kılıç Depren & Mustafa Tevfik Kartal, 2021. "Prediction on the volume of non‐performing loans in Turkey using multivariate adaptive regression splines approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6395-6405, October.
    4. Mustafa Tevfik Kartal & Derviş Kirikkaleli & Fatih Ayhan, 2023. "Nexus between non‐performing loans and economic growth in emerging countries: Evidence from Turkey with wavelet coherence approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1250-1260, April.

    More about this item

    Keywords

    Audit committees; Committee adequacy; Committee responsibility; Interview; T-test; Turkish banking sector;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bor:bistre:v:18:y:2018:i:2:p:150-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ahmet Palu (email available below). General contact details of provider: https://edirc.repec.org/data/rdisetr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.