While we run with our heads held high to reach the stars, we must see well ahead and accept the existence of the pit.
Our situation in the Independent Audit and Independent Auditor duo is exactly like the article above.
On the one hand, the state is suffocating the members of the profession with its laws and regulations, on the other hand, there is a large mass of people who have adopted a staunch approach.
And they existed in this trouble as a shallow and clumsy community that emerged with the law no. 3568. They gathered and evolved, those who could not evolve are waiting for their time to pass. (!)
It is now a case that the relevant law needs to be revised.
Because it serves a structure that does not inspire trust by being able to integrate neither existing colleagues nor new ones into society.
The accounting profession has not been able to move forward due to the lack of foresight of the Professional Chambers and the carelessness of its colleagues, and even then, in my country where auditing is considered to be almost zero, the profession of auditing is suffering.
Although there is a problem with the members of the profession not updating themselves in the shadow of all these problems, a beautiful future awaits us in terms of spirit.
There will be many breaks in the struggle chip until it reaches acceptable levels.
Due to the clear importance of the auditing chapter, we will certainly have some dilemmas in the transition period from Accountancy to Independent Auditor. It would be beneficial to see the truth of the matter by following the regulations made for this purpose.
Since Dear Colleagues still cannot read Articles 397-406 of the Turkish Commercial Code (!), they still remain the status quo of accounting with those blinders on, without any knowledge of what they will face in the future.
They are like “still the debtor coming in, the creditor coming out”…
Independent auditing has come to this day is a process in world jargon, and its reflection on Turkey has not been immediate in terms of integration.
In these ruptures, the one who deserves it will continue on its way and overtake the others.
The Independent Audit community, which seems stagnant at the moment, will attempt to revive and complete its formation as the auditing community spreads to the grassroots, having passed the chapter of examining a limited number of companies.
In this sense, the Public Oversight Authority (KGK) inspects the market without keeping it under tutelage and, of course, it should have surveillance characteristics.
The other qualifications should be left to these NGOs such as confederations, unions, chambers, associations, whatever, and they should only inspect those who make mistakes and engage in unfair competition.
During the education and training phase, KGK must undertake major tasks and reach out to the colleague community.
Instead of the sullen face of the state, it should at least create a perception by showing the sincerity of the country on its smiling face with those who will perform this profession of supervision, which is the survival of its future.
In return, our Esteemed Colleagues must wholeheartedly desire to evolve and complete their development. In other words, they will renounce in order to integrate into the newly established world as devsirme.
How will this happen..!!
Even if we wrote it side by side, terminology that wouldn’t fit on the pages would be immediately engraved in the mind.. Didn’t we build barley farms because of the ignorant team that said they would look and find the bibliography when the time comes?
Then IFRS,IFRS,SOX,SUKUK,PCAOB,TI,DIRECTIVE 4-7-8 etc. How painful it is to not be able to learn what all these standards, rules and instructions mean and to think that you are serving this country without knowing it.
Why can’t big four audits be big five and why can’t Turkey be one of them?
On this occasion, in our global village where high risk finances are bought / sold, it is necessary for us to take our measures much more softly and harshly and integrate them into low-level politics.
We need brains that will carry out consolidated analyses, as well as companies that will grow by merging.
There is a need for one and all financial analysis tables prepared in a team spirit and ratios that will reduce risk predictions to the maximum extent.
When you enter the tunnel by ignoring it, you may get to a certain point but not reach the light.
SELAHATTIN İPEK
CPA-INDEPENDENT AUDITOR