Measuring the Internal Audit Performance: Tips for Succesful Implementation in Turkey
Tamer Aksoy, Sezer Kahyaoglu

Abstract
As a capable emerging country and a candidate for EU accession, Turkey needs both structural transformation and an ongoing development and harmonization of its capital market legislation. For this reason, corporate governance framework and the modern internal auditing practices could enable Turkey not only to control its own risks superior but also to enhance the market's confidence in its commitment to sound fiscal and monetary policies. In this paper, we evaluate the internal auditing performance metrics considering the Institute of Internal Auditors (IIA) standards to make relevant recommendations for practitioners in Turkey. In this way, we aim to increase the awareness on the importance of corporate governance framework and the benefits of relying on modern internal auditing techniques for companies. We also intend to contribute the performance improvements in these fields of work.

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