Araştırma Makalesi
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GERÇEĞE UYGUN DEĞER ÖLÇÜMÜNE İLİŞKİN AÇIKLAMALARIN DENETİM ÜCRETİNE ETKİSİ: BORSA İSTANBUL ÖRNEĞİ

Yıl 2022, Cilt: 21 Sayı: 45, 1389 - 1404, 30.12.2022
https://doi.org/10.46928/iticusbe.1170118

Öz

Amaç: Bu çalışmanın amacı, gerçeğe uygun değerle ölçülen varlıklar ile denetim ücreti arasındaki ilişkinin araştırılmasıdır. Bu amaçla Borsa İstanbul’da işlem gören 243 şirket üzerinde araştırma yapılmıştır.
Yaklaşım: Çalışmada çoklu regresyon analizi kullanılmıştır.
Bulgular: Çalışmanın sonucunda, seviye 2 ve 3 girdileriyle ölçülen varlıklar ile denetim ücreti arasında anlamlı ve negatif ilişki tespit edilmiştir. Bunun yanında şirket büyüklüğü, yapısal risk ve dört büyük denetim firması ile denetim ücreti arasında anlamlı ve pozitif ilişki tespit edilmiştir.
Özgünlük: Literatürde yapılan çalışmalar içinde gerçeğe uygun değer ölçümüne ilişkin açıklamalar ile denetim ücreti arasındaki ilişkinin incelendiği ampirik çalışmalar bulunmaktadır ancak Türkiye’de buna yönelik bir ampirik çalışma bulunmamaktadır.

Kaynakça

  • Alexeyeva1, I. ve Mejia-Likosova, M. (2016). The impact of fair value measurement on audit fees: evidence from financial institutions in 24 European countries. International Journal of Auditing, 20, 255-266. https://doi.org/10.1111/ijau.12075
  • Alharasis, E.E., Clark, C. ve Prokofieva, M. (2021). External audit fees and fair value disclosures among Jordanian listed companies: does the type of corporate industry matter?. Asian Journal of Business and Accounting, 14(2), 69-100. https://doi.org/10.22452/ajba.vol14no2.3
  • Alqatamin, R.M. ve Ezeani, E. (2021). The impact of fair value estimates on audit fees: evidence from the financial sector in Jordan. Journal of Accounting in Emerging Economies, 11(2), 176-193. https://doi.org/10.1108/JAEE-09-2019-0184
  • Bastos, E.V.P., Holtz, L. ve Santos, O.M. (2021). Fair value measurement and its impact on audit fees: evidence in the Brazilian market. Revista Ambiente Contábil, 13(2), 80-99. https://doi.org/10.21680/2176-9036.2021v13n2ID25719
  • Bell, T.B. ve Griffin, J.B. (2012). Commentary on auditing high-uncertainty fair value estimates. Auditing: A Journal of Practice & Theory, 31(1), 147-155. https://doi.org/10.2308/ajpt-10172
  • Cannon, N. H. ve Bedard, J. C. (2017). Auditing challenging fair value measurements: evidence from the field. The Accounting Review, 92(4), 81-114. https://doi.org/10.2308/accr-51569
  • Chen, V.Y.S., Keung, E.C. ve Lin, I.M. (2019), Disclosure of fair value measurement in goodwill impairment test and audit fees, Journal of Contemporary Accounting and Economics, 15, 1-21. https://doi.org/10.1016/j.jcae.2019.100160
  • Christensen, B.E., Glover, S.M. ve Wood, D.A. (2012). Extreme estimation uncertainty in fair value estimates: implications for audit assurance. Auditing: A Journal of Practice & Theory, 31(1), 127-146. https://doi.org/10.2308/ajpt-10191
  • Erickson, M.J., Goldman, N.C. ve Stekelberg, J. (2016). The cost of compliance: FIN 48 and audit fees. The Journal of The American Taxation Association, 38(2), 67-85. https://doi.org/10.2308/atax-51323
  • Ettredge, M.L., Xu, Y. ve Yi, H.S. (2014). Fair value measurements and audit fees: evidence from the banking industry. Auditing: A Journal of Practice & Theory, 33(3), 33-58. https://doi.org/10.2308/ajpt-50701
  • Goncharov, I., Riedl, E.J. ve Sellhorn, T. (2014). Fair value and audit fees. Review of Accounting Studies, 19, 210-241. https://doi.org/10.1007/s11142-013-9248-5
  • Honga, P.K. ve Hwang, S. (2018). Fair value disclosure of pension plan assets and audit fees. Advances in Accounting, 41, 88-96. https://doi.org/10.1016/j.adiac.2018.01.002
  • Lai, K.M.Y., Srinidhi, B., Gul, F.A. ve Tsui, J.S.L. (2017). Board gender diversity, auditor fees, and auditor choice, Contemporary Accounting Research, 34(3), 1681-1714. https://doi.org/10.1111/1911-3846.12313
  • Mehnaz, L., Rahman, A. ve Kabir, H. (2022). Relevance of supplementary fair value disclosures under market uncertainty: effects on audit fees and investors’ pricing. Managerial Auditing Journal, https://doi.org/10.1108/MAJ-07-2021-3263
  • Miah, M.S. (2019). Fair value, management discretion, and audit fees: an empirical analysis. The Journal of Corporate Accounting & Finance, 30, 82-91. https://doi.org/10.1002/jcaf.22385
  • Parlakkaya, R. ve Çetin, H. (2010). Gerçeğe uygun değer muhasebesi finansal krizlerin sebebi mi yoksa habercisi mi?. Muhasebe ve Vergi Uygulamaları Dergisi, 3(2), 75-86.
  • Sangchan, P., Habib, A., Jiang, H. ve Bhuiyan, M.B.U. (2020). Fair value exposure, changes in fair value and audit fees: evidence from the Australian real estate industry. Australian Accounting Review, 30(93), 123-143. https://doi.org/10.1111/auar.12299
  • Simunic, D.A. (1980). The pricing of audit services: theory and evidence. Journal of Accounting Research, 18(1), 161-190. https://doi.org/10.2307/2490397
  • Song, C.J., Thomas, W.B. ve Yi, H. (2010). Value relevance of FAS No. 157 fair value hierarchy information and the impact of corporate governance mechanisms. The Accounting Review, 85(4), 1375-1410. https://doi.org/10.2308/accr.2010.85.4.1375
  • Sapkauskiene, A. ve Orlovskij, S. (2017). The usefulness of fair value estimates for financial decision making - a literature review. Zeszyty Teoretyczne Rachunkowosci, 93(149), 163-173. http://dx.doi.org/10.5604/01.3001.0010.3195
  • Terzi, S., Atmaca, M. ve Öktem, B. (2016). İşletmenin sürekliliği varsayımının değerlendirilmesi: Borsa İstanbul (BİST) sınaî endeksi örneği, Marmara Üniversitesi Öneri Dergisi, 12(45), 515-535. https://doi.org/10.14783/od.v12i45.1000020024
  • Terzi, S. ve Kıymetli Şen, İ. (2010). Gerçeğe uygun değer muhasebesi ve finansal kriz, Dayanışma Dergisi, 110: 7-20.
  • Terzi, S., Kıymetli Şen, İ. ve Özkan, Ö. (2022). Denetim kalitesi ile denetim ücreti arasındaki ilişki: Türkiye’ye ilişkin bulgular, Mali Çözüm Dergisi, 32(172), 103-116.
  • Türel, A., Yılmaz, F. ve Özveren, C. (2022). Türkiye’de bağımsız denetim ücretlerinin analizi, Mali Çözüm Dergisi, 32(172), 45-82.
  • Yao, D.F., Percy, M. ve Hu, F. (2015). Fair value accounting for non-current assets and audit fees: evidence from Australian companies. Journal of Contemporary Accounting & Economics, 11, 31-45. https://doi.org/10.1016/j.jcae.2014.12.003
  • Qingyu, Z. (2020). Fair value hierarchy and audit fees: an empirical analysis based on the listed banks in China. E3S Web of Conferences, 214, EBLDM 2020. https://doi.org/10.1051/e3sconf/202021402022

THE IMPACT OF DISCLOSURES OF FAIR VALUE MEASUREMENT ON AUDIT FEES: EVIDENCE FROM BORSA ISTANBUL

Yıl 2022, Cilt: 21 Sayı: 45, 1389 - 1404, 30.12.2022
https://doi.org/10.46928/iticusbe.1170118

Öz

Purpose: The purpose of this study is to investigate the relationship between assets measured at fair value and audit fees. For this purpose, this study was conducted on 243 companies traded in Borsa Istanbul.
Approach: Multiple regression analysis was used in the study.
Findings: As a result of the study, a significant and negative relationship was determined between the assets measured with level 2 and 3 inputs and audit fees. In addition, a significant and positive relationship was determined between company size, structural risk, big four audit firms and audit fees.
Originality: Among the studies in the literature, there are empirical studies examining the relationship between the fair value measurement explanations and the audit fee, but there is no empirical study on this in Turkey.

Kaynakça

  • Alexeyeva1, I. ve Mejia-Likosova, M. (2016). The impact of fair value measurement on audit fees: evidence from financial institutions in 24 European countries. International Journal of Auditing, 20, 255-266. https://doi.org/10.1111/ijau.12075
  • Alharasis, E.E., Clark, C. ve Prokofieva, M. (2021). External audit fees and fair value disclosures among Jordanian listed companies: does the type of corporate industry matter?. Asian Journal of Business and Accounting, 14(2), 69-100. https://doi.org/10.22452/ajba.vol14no2.3
  • Alqatamin, R.M. ve Ezeani, E. (2021). The impact of fair value estimates on audit fees: evidence from the financial sector in Jordan. Journal of Accounting in Emerging Economies, 11(2), 176-193. https://doi.org/10.1108/JAEE-09-2019-0184
  • Bastos, E.V.P., Holtz, L. ve Santos, O.M. (2021). Fair value measurement and its impact on audit fees: evidence in the Brazilian market. Revista Ambiente Contábil, 13(2), 80-99. https://doi.org/10.21680/2176-9036.2021v13n2ID25719
  • Bell, T.B. ve Griffin, J.B. (2012). Commentary on auditing high-uncertainty fair value estimates. Auditing: A Journal of Practice & Theory, 31(1), 147-155. https://doi.org/10.2308/ajpt-10172
  • Cannon, N. H. ve Bedard, J. C. (2017). Auditing challenging fair value measurements: evidence from the field. The Accounting Review, 92(4), 81-114. https://doi.org/10.2308/accr-51569
  • Chen, V.Y.S., Keung, E.C. ve Lin, I.M. (2019), Disclosure of fair value measurement in goodwill impairment test and audit fees, Journal of Contemporary Accounting and Economics, 15, 1-21. https://doi.org/10.1016/j.jcae.2019.100160
  • Christensen, B.E., Glover, S.M. ve Wood, D.A. (2012). Extreme estimation uncertainty in fair value estimates: implications for audit assurance. Auditing: A Journal of Practice & Theory, 31(1), 127-146. https://doi.org/10.2308/ajpt-10191
  • Erickson, M.J., Goldman, N.C. ve Stekelberg, J. (2016). The cost of compliance: FIN 48 and audit fees. The Journal of The American Taxation Association, 38(2), 67-85. https://doi.org/10.2308/atax-51323
  • Ettredge, M.L., Xu, Y. ve Yi, H.S. (2014). Fair value measurements and audit fees: evidence from the banking industry. Auditing: A Journal of Practice & Theory, 33(3), 33-58. https://doi.org/10.2308/ajpt-50701
  • Goncharov, I., Riedl, E.J. ve Sellhorn, T. (2014). Fair value and audit fees. Review of Accounting Studies, 19, 210-241. https://doi.org/10.1007/s11142-013-9248-5
  • Honga, P.K. ve Hwang, S. (2018). Fair value disclosure of pension plan assets and audit fees. Advances in Accounting, 41, 88-96. https://doi.org/10.1016/j.adiac.2018.01.002
  • Lai, K.M.Y., Srinidhi, B., Gul, F.A. ve Tsui, J.S.L. (2017). Board gender diversity, auditor fees, and auditor choice, Contemporary Accounting Research, 34(3), 1681-1714. https://doi.org/10.1111/1911-3846.12313
  • Mehnaz, L., Rahman, A. ve Kabir, H. (2022). Relevance of supplementary fair value disclosures under market uncertainty: effects on audit fees and investors’ pricing. Managerial Auditing Journal, https://doi.org/10.1108/MAJ-07-2021-3263
  • Miah, M.S. (2019). Fair value, management discretion, and audit fees: an empirical analysis. The Journal of Corporate Accounting & Finance, 30, 82-91. https://doi.org/10.1002/jcaf.22385
  • Parlakkaya, R. ve Çetin, H. (2010). Gerçeğe uygun değer muhasebesi finansal krizlerin sebebi mi yoksa habercisi mi?. Muhasebe ve Vergi Uygulamaları Dergisi, 3(2), 75-86.
  • Sangchan, P., Habib, A., Jiang, H. ve Bhuiyan, M.B.U. (2020). Fair value exposure, changes in fair value and audit fees: evidence from the Australian real estate industry. Australian Accounting Review, 30(93), 123-143. https://doi.org/10.1111/auar.12299
  • Simunic, D.A. (1980). The pricing of audit services: theory and evidence. Journal of Accounting Research, 18(1), 161-190. https://doi.org/10.2307/2490397
  • Song, C.J., Thomas, W.B. ve Yi, H. (2010). Value relevance of FAS No. 157 fair value hierarchy information and the impact of corporate governance mechanisms. The Accounting Review, 85(4), 1375-1410. https://doi.org/10.2308/accr.2010.85.4.1375
  • Sapkauskiene, A. ve Orlovskij, S. (2017). The usefulness of fair value estimates for financial decision making - a literature review. Zeszyty Teoretyczne Rachunkowosci, 93(149), 163-173. http://dx.doi.org/10.5604/01.3001.0010.3195
  • Terzi, S., Atmaca, M. ve Öktem, B. (2016). İşletmenin sürekliliği varsayımının değerlendirilmesi: Borsa İstanbul (BİST) sınaî endeksi örneği, Marmara Üniversitesi Öneri Dergisi, 12(45), 515-535. https://doi.org/10.14783/od.v12i45.1000020024
  • Terzi, S. ve Kıymetli Şen, İ. (2010). Gerçeğe uygun değer muhasebesi ve finansal kriz, Dayanışma Dergisi, 110: 7-20.
  • Terzi, S., Kıymetli Şen, İ. ve Özkan, Ö. (2022). Denetim kalitesi ile denetim ücreti arasındaki ilişki: Türkiye’ye ilişkin bulgular, Mali Çözüm Dergisi, 32(172), 103-116.
  • Türel, A., Yılmaz, F. ve Özveren, C. (2022). Türkiye’de bağımsız denetim ücretlerinin analizi, Mali Çözüm Dergisi, 32(172), 45-82.
  • Yao, D.F., Percy, M. ve Hu, F. (2015). Fair value accounting for non-current assets and audit fees: evidence from Australian companies. Journal of Contemporary Accounting & Economics, 11, 31-45. https://doi.org/10.1016/j.jcae.2014.12.003
  • Qingyu, Z. (2020). Fair value hierarchy and audit fees: an empirical analysis based on the listed banks in China. E3S Web of Conferences, 214, EBLDM 2020. https://doi.org/10.1051/e3sconf/202021402022
Toplam 26 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Araştırma Makalesi
Yazarlar

Serkan Terzi 0000-0003-0151-8082

İlker Kıymetli Şen 0000-0001-6175-3397

Erken Görünüm Tarihi 30 Aralık 2022
Yayımlanma Tarihi 30 Aralık 2022
Gönderilme Tarihi 2 Eylül 2022
Kabul Tarihi 30 Kasım 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 21 Sayı: 45

Kaynak Göster

APA Terzi, S., & Kıymetli Şen, İ. (2022). GERÇEĞE UYGUN DEĞER ÖLÇÜMÜNE İLİŞKİN AÇIKLAMALARIN DENETİM ÜCRETİNE ETKİSİ: BORSA İSTANBUL ÖRNEĞİ. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 21(45), 1389-1404. https://doi.org/10.46928/iticusbe.1170118