(The Impact of Bds 570 Going Cencorn Standard on The Implementation Process and Independent Audit Reports: Application in Bist Construction and Public Sector)

Abstract

Purpose – The continuity in the activities of the enterprises depends on the trust they will create. As businesses increase their level of trust, interest groups will increase their interest in the business. The Company can gain the trust of interest groups by producing quality goods or services, becoming transparent, fulfilling its social responsibilities and publishing the financial statements reflecting the real situation. The enterprises that establish this trust in the purchase of raw materials, sales, to provide investment funds, etc. they are expected to provide advantages. The financial statements published by the companies are especially important in creating trust. In order to ensure that the interest groups of the financial statements to be published by the companies have the right to obtain information in a complete, accurate, understandable and realistic manner, BDS 570 Continuity of Business Standard has been published within the scope of International Auditing Standards. Design/methodology/approach – In addition, in order to reveal the application aspect of the subject, independent auditors' reports about the construction and public works companies of BİST (Istanbul Stock Exchange) between the years 2013-2017 and the effects of independent auditors on the opinions of independent auditors within the framework of BDS 570 It was studied. Findings – In order to provide the comprehensibility of the relevant standard, the subjects mentioned in the standard are examined in detail and the process to be followed by the independent auditor in determining and notifying the situations that will affect the continuity of the enterprise has been tried to be concretized on a figure (Figure-1). Discussion – In the majority of independent audit reports of the sector companies within the scope of the findings, it is determined that there is no study related to BDS 570 Continuity Standard of Business.