A New Regulatory and Auditing Agency: Public Oversight, Accounting and Auditing Standards Authority

作者：Karasu Rauf^*

来源：Amme Idaresi Dergisi, 2014, 47(1): 79-105.

• Public surveillance
• accounting
• and auditing standards
• independent auditing
• regulatory and supervisory agencies

In the framework of the new Turkish Commercial Law and the EU accession process, a new regulatory and auditing agency with administrative autonomy called Public Oversight, Accounting and Auditing Standards Authority (POAASA) was established by Decree-Law No. 660. The powers and duties of the Capital Markets Board, the Banking Regulation and Supervision Agency that have power to public surveillance on relevant firms by virtue of their respective acts have been granted to the KGB by Decree No. 660. Thus, an integrated legal structure towards independent audit has been formed. With Decree-Law No. 660, an autonomous and independent body in terms of operation and decision-making process has been attempted to be established, albeit the POAASA is dependent on the Government regarding the appointment of the board members.