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INDEPENDENT AUDIT PREPARATION PROCESS IN ENTERPRISE RISK MANAGEMENT SYSTEM: A MODEL PROPOSAL

Year 2022, Volume: 24 Issue: 2, 365 - 391, 30.06.2022

Hüseyin Özyiğit Suat Yıldırım

https://doi.org/10.31460/mbdd.915334

Abstract

This study aims to develop a model proposal for companies to establish their risk management systems as a part of their independent audit processes. The target audience consists of enterprises subject to independent audit in the manufacturing sector in Turkey. The verbal method within the scope of qualitative research is used in developing the model proposal. The resulting model proposed for the establishment of an independent-audit-oriented enterprise risk management system includes seven advisory stages and the important points to be considered in these stages. Suggestions are also made while explaining the stages of the model proposal.

Keywords

Enterprise Risk Management Independent Auditing Model Proposal

References

  • Arthur, J. G. (2009). Road to Implementation ERM for Colleges and Universities. https://www.odu.edu/content/dam/odu/offices/risk-management/DOCS/erm-road-toimplementation -universities.pdf, (Erişim Tarihi: 25.03.2021).
  • Bozkurt, N. (2011). Muhasebe Denetimi. 5. Baskı. Alfa Yayınevi. İstanbul.
  • Coso, (2011). Embracing Enterprise Risk Management. Committee of Sponsoring Organizations of The Treadway Commission. https://www.coso.org/Pages/default.aspx, (Erişim Tarihi: 10.02.2021).
  • Coso, (2004). Enterprise Risk Management-Integrated Frmaework-Executive Summary Framework. Committee of Sponsoring Organizations of The Treadway Commission. https://www.coso.org/Pages/default.aspx, (Erişim Tarihi: 10.02.2021).
  • Coso, (2012). Enterprise Risk Management-Understanding and Communicating Risk Appetite. Committee of Sponsoring Organizations of The Treadway Commission. https://www.coso.org/Pages/default.aspx, (Erişim Tarihi: 09.02.2021).
  • Eckles, D. L., Hoyt, R. E. & Miller, S. M. (2014). The Impact of Enterprise Risk Management on The Marginal Cost of Reducing Risk: Evidence Firm The Insurance Industry. Journal of Banking & Finance, 43, 247-261.
  • Florio, C. & Leoni, G. (2017). Enterprise Risk Management and Firm Performance: The Italian Case. The British Accounting Review, 49(1), 56-74.
  • Ghosh, A. (2013). An Empirical Investigation into Enterprise Risk Management in India. Working Paper Series, 1-22.
  • Gönen, S. (2009). İç Kontrol Sisteminin Unsurlarından Kontrol Ortamının Belirlenmesine Yönelik Bir Araştırma. Muhasebe Bilim Dünyası Dergisi, 11, 189-217.
  • Grace, M. F., Leverty, J. T., Phillips, R. D. & Shimpi, P. (2015). The Value of Investing in Enterprise Risk Management. The Journal of Risk and Insurence, 82(2), 289-316.
  • Gramling, A. A. & Myers, P. M. (2006). Internal Auditing’s Role in ERM. Internal Auditor, 1-25.
  • Hardy, K. (2015). Enterprise Risk Management: A Guide for Government Professionals. John Wiley & Sons, San Francisco.
  • Hoyt, R. E. & Liebenberg, A. P. (2011). The Value of Enterprise Risk Management. Journal of Risk And Insurance, 78(4), 795-822.
  • https://www.kgk.gov.tr/Portalv2Uploads/files/Duyurular/v2/BDS/BDSyeni11092019/BDS_701.pdf, (Erişim Tarihi: 30.03.2021).
  • https://www2.deloitte.com/global/en.html, (Erişim Tarihi: 08.01.2021).
  • Jeffrey, C., Ganesh, K. & Arnold, W. (2016). Enterprise Risk Management and The Financial Reporting Process: The Experiences of Audit Committee Members, CFOs and External Auditors. Contemporary Accounting Research, 1-53.
  • Kızılboğa, R. (2013). Kurumsal Risk Yönetimi Odaklı İç Denetim: İstanbul Büyükşehir Belediyesi İçin Bir Model Önerisi. Marmara Belediyeler Birliği Yayını, İstanbul.
  • Küçük, Y. A. (2007). Havaalanlarında Kurumsal Risk Yönetimi: Atatürk Havalimanı Terminalleri İşletmesi için Kurumsal Risk Yönetimi Model Önerisi. Yayımlanmamış Doktora Tezi, Anadolu Üniversitesi, Sosyal Bilimler Enstitüsü, Eskişehir.
  • Malik, M., Zaman, M. & Buckby, S. (2020). Enterprise Risk Management and Firm Performance: Role of the Risk Committee. Journal of Contemporary Accounting and Economics, 16, 1-20.
  • Marsh, M. (2008). Kurumsal Risk Yönetimi: Risk Yönetiminde Daha Stratejik Yaklaşım Arayışları. http://www.Marsh.Com.Tr/Documents/Press_Release_ERM. Pdf, (Erişim Tarihi: 02.03.2021).
  • Ping, T. A. & Muthuveloo, R. (2015). The Impact of Enterprise Risk Management on Firm Performance: Evidence from Malaysia. Asian Social Science, 11(22), 149-159.
  • PwC, (2008). A Practical Guide to Risk Assessment. https://www.pwc.co.uk/services/audit.html, (Erişim Tarihi: 01.01.2021).
  • Razali, A. R., Yazid, A. S. & Tahir, I. M. (2011). The Determinants of Enterprise Risk Management Practices in Malaysian Public Listed Companies. Journal of Social and Development Sciences, 5, 202-207.
  • Saeidi, P., Parisa, S., Sofian, S., Parastoo, S., Hashim, A., Business, I., et al. (2019). The Impact of Enterprise Risk Management on Competitive Advantage by Moderating Role of Information Technology. Computer Standards & Interfaces, 63, 67-82.
  • Soin, K. & Collier, P. (2013). Risk and Risk Management in Management Accounting and Control. Management Accounting Research, 24(2), 82-87.
  • Tonello, M. (2007). Emerging Governance Practices in Enterprise Risk Management. The Conference Board, Inc.Research Report R-1398-07-WG, 1-99.
  • Vivian, W., Yi-Hsun, L. & Tung-Hsiao, Y. (2018). The Role of The Board and The Audit Committee in Enterprise Risk Management. The North American Journal of Economics and Finance, 1-36.
  • Xue-Zhong, H., Gian, I. B., Carl, C. & Iryna, S. (2013). Global Analysis of Dynamic Models in Economics and Finance, Springer.
  • Yavuz, S. ve Özyiğit, H. (2018). Kurumsal Risk Yönetimi ve Firma Performansı: Bankacılık Sektörüne Yönelik Bir Araştırma. 1. Uluslararası Bankacılık Kongresi, 769-778.

KURUMSAL RİSK YÖNETİM SİSTEMİNDE BAĞIMSIZ DENETİME HAZIRLANMA SÜRECİ

Year 2022, Volume: 24 Issue: 2, 365 - 391, 30.06.2022

Hüseyin Özyiğit Suat Yıldırım

https://doi.org/10.31460/mbdd.915334

Abstract

Bu çalışma, bağımsız denetime tabi olan imalat sektöründeki işletmelerin, bağımsız denetim süreci paralelinde kurumsal risk yönetimi sistemini oluşturmalarına yönelik model önerisi geliştirmeyi amaçlamaktadır. Çalışmanın hedef kitlesini; Türkiye’de faaliyette bulunan imalat sanayi işletmeleri oluşturmaktadır. Model önerisinin geliştirilmesinde; nitel araştırma kapsamında sözel model yöntemi kullanılmıştır. Araştırmalar sonucunda, bağımsız denetim odaklı kurumsal risk yönetimi sisteminin oluşturulmasına yönelik, tavsiye niteliğinde yedi aşama ve bu aşamalarda dikkat edilmesi gereken önemli hususlar belirlenerek model önerisi geliştirilmiştir. Geliştirilen modelin aşamalarına yönelik açıklamalar yapılarak önerilerde bulunulmuştur.

Keywords

Kurumsal Risk Yönetimi Bağımsız Denetim Model Önerisi

References

  • Arthur, J. G. (2009). Road to Implementation ERM for Colleges and Universities. https://www.odu.edu/content/dam/odu/offices/risk-management/DOCS/erm-road-toimplementation -universities.pdf, (Erişim Tarihi: 25.03.2021).
  • Bozkurt, N. (2011). Muhasebe Denetimi. 5. Baskı. Alfa Yayınevi. İstanbul.
  • Coso, (2011). Embracing Enterprise Risk Management. Committee of Sponsoring Organizations of The Treadway Commission. https://www.coso.org/Pages/default.aspx, (Erişim Tarihi: 10.02.2021).
  • Coso, (2004). Enterprise Risk Management-Integrated Frmaework-Executive Summary Framework. Committee of Sponsoring Organizations of The Treadway Commission. https://www.coso.org/Pages/default.aspx, (Erişim Tarihi: 10.02.2021).
  • Coso, (2012). Enterprise Risk Management-Understanding and Communicating Risk Appetite. Committee of Sponsoring Organizations of The Treadway Commission. https://www.coso.org/Pages/default.aspx, (Erişim Tarihi: 09.02.2021).
  • Eckles, D. L., Hoyt, R. E. & Miller, S. M. (2014). The Impact of Enterprise Risk Management on The Marginal Cost of Reducing Risk: Evidence Firm The Insurance Industry. Journal of Banking & Finance, 43, 247-261.
  • Florio, C. & Leoni, G. (2017). Enterprise Risk Management and Firm Performance: The Italian Case. The British Accounting Review, 49(1), 56-74.
  • Ghosh, A. (2013). An Empirical Investigation into Enterprise Risk Management in India. Working Paper Series, 1-22.
  • Gönen, S. (2009). İç Kontrol Sisteminin Unsurlarından Kontrol Ortamının Belirlenmesine Yönelik Bir Araştırma. Muhasebe Bilim Dünyası Dergisi, 11, 189-217.
  • Grace, M. F., Leverty, J. T., Phillips, R. D. & Shimpi, P. (2015). The Value of Investing in Enterprise Risk Management. The Journal of Risk and Insurence, 82(2), 289-316.
  • Gramling, A. A. & Myers, P. M. (2006). Internal Auditing’s Role in ERM. Internal Auditor, 1-25.
  • Hardy, K. (2015). Enterprise Risk Management: A Guide for Government Professionals. John Wiley & Sons, San Francisco.
  • Hoyt, R. E. & Liebenberg, A. P. (2011). The Value of Enterprise Risk Management. Journal of Risk And Insurance, 78(4), 795-822.
  • https://www.kgk.gov.tr/Portalv2Uploads/files/Duyurular/v2/BDS/BDSyeni11092019/BDS_701.pdf, (Erişim Tarihi: 30.03.2021).
  • https://www2.deloitte.com/global/en.html, (Erişim Tarihi: 08.01.2021).
  • Jeffrey, C., Ganesh, K. & Arnold, W. (2016). Enterprise Risk Management and The Financial Reporting Process: The Experiences of Audit Committee Members, CFOs and External Auditors. Contemporary Accounting Research, 1-53.
  • Kızılboğa, R. (2013). Kurumsal Risk Yönetimi Odaklı İç Denetim: İstanbul Büyükşehir Belediyesi İçin Bir Model Önerisi. Marmara Belediyeler Birliği Yayını, İstanbul.
  • Küçük, Y. A. (2007). Havaalanlarında Kurumsal Risk Yönetimi: Atatürk Havalimanı Terminalleri İşletmesi için Kurumsal Risk Yönetimi Model Önerisi. Yayımlanmamış Doktora Tezi, Anadolu Üniversitesi, Sosyal Bilimler Enstitüsü, Eskişehir.
  • Malik, M., Zaman, M. & Buckby, S. (2020). Enterprise Risk Management and Firm Performance: Role of the Risk Committee. Journal of Contemporary Accounting and Economics, 16, 1-20.
  • Marsh, M. (2008). Kurumsal Risk Yönetimi: Risk Yönetiminde Daha Stratejik Yaklaşım Arayışları. http://www.Marsh.Com.Tr/Documents/Press_Release_ERM. Pdf, (Erişim Tarihi: 02.03.2021).
  • Ping, T. A. & Muthuveloo, R. (2015). The Impact of Enterprise Risk Management on Firm Performance: Evidence from Malaysia. Asian Social Science, 11(22), 149-159.
  • PwC, (2008). A Practical Guide to Risk Assessment. https://www.pwc.co.uk/services/audit.html, (Erişim Tarihi: 01.01.2021).
  • Razali, A. R., Yazid, A. S. & Tahir, I. M. (2011). The Determinants of Enterprise Risk Management Practices in Malaysian Public Listed Companies. Journal of Social and Development Sciences, 5, 202-207.
  • Saeidi, P., Parisa, S., Sofian, S., Parastoo, S., Hashim, A., Business, I., et al. (2019). The Impact of Enterprise Risk Management on Competitive Advantage by Moderating Role of Information Technology. Computer Standards & Interfaces, 63, 67-82.
  • Soin, K. & Collier, P. (2013). Risk and Risk Management in Management Accounting and Control. Management Accounting Research, 24(2), 82-87.
  • Tonello, M. (2007). Emerging Governance Practices in Enterprise Risk Management. The Conference Board, Inc.Research Report R-1398-07-WG, 1-99.
  • Vivian, W., Yi-Hsun, L. & Tung-Hsiao, Y. (2018). The Role of The Board and The Audit Committee in Enterprise Risk Management. The North American Journal of Economics and Finance, 1-36.
  • Xue-Zhong, H., Gian, I. B., Carl, C. & Iryna, S. (2013). Global Analysis of Dynamic Models in Economics and Finance, Springer.
  • Yavuz, S. ve Özyiğit, H. (2018). Kurumsal Risk Yönetimi ve Firma Performansı: Bankacılık Sektörüne Yönelik Bir Araştırma. 1. Uluslararası Bankacılık Kongresi, 769-778.
There are 29 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section MAIN SECTION
Authors

Hüseyin Özyiğit 0000-0002-0632-7931

Suat Yıldırım 0000-0001-9665-863X

Publication Date June 30, 2022
Submission Date April 13, 2021
Published in Issue Year 2022 Volume: 24 Issue: 2

Cite

APA Özyiğit, H., & Yıldırım, S. (2022). KURUMSAL RİSK YÖNETİM SİSTEMİNDE BAĞIMSIZ DENETİME HAZIRLANMA SÜRECİ. Muhasebe Bilim Dünyası Dergisi, 24(2), 365-391. https://doi.org/10.31460/mbdd.915334
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