Panel On the Theme Of Audit

Latest Approaches in Measuring the Added Value of Audit and Challenges

International Panel, İstanbul 18-19 April 2019


International Business Economics and Marketing Society (IBEMS) organizes an international congress on “Social Sciences Within the Framework of the Latest Developments in the World”. Within the scope of the Conference, the Turkish Court of Accounts will hold a panel about “Latest Approaches in Measuring the Added Value of Audit and Challenges” on 18-19 April 2019 in İstanbul/TURKEY.

This panel is aimed to bring together audit professionals and academicians from all over the world to promote, share and discuss developments in measuring and increasing the added value of audits performed by both private sector and public institutions.

Presentation Details

Presentations are expected to be prepared within the framework described below in the Theme Note and each should take approximately 20 minutes.

Please submit your Abstracts (composed of min 250-max 400 words) to


Key Dates

  • 12 April 2019 – Event Registration Deadline
  • 1 April 2019 – Submission of Abstracts
  • 10 April 2019 – Submission of Full text


 Registrations are to be completed through the registration form under the “Panel on Audit” button at The deadline for the registrations is 12 April 2019.



Panel language is both Turkish and English. Simultaneous translation will be provided.



Details regarding the accommodation, hotel reservation and airport transfers will be provided soon.


Panel Venue

Maltepe University Education Village Cultural Center Maltepe/Istanbul / Turkey


Contact Details

Turkish Court of Accounts
Phone: +90 (312) 295 2750, +90 (312) 295 3896




 Audit is defined as an independent and objective activity of assurance and consultancy that aims to improve and add value to entity’s activities. While there exist a consensus on this definition of audit, there are different considerations in literature in defining and measuring the added value that is created by audit activity. Moreover, it is not likely to say that satisfying remarks and conclusions are made in this field even after global financial and economic scandals and crisis having devastating effects. Different stakeholders have different expectations, and this is another factor making it difficult to have a common value definition. Creating added value can be defined as:

  • From the auditee’s standpoint; increasing institutional managerial capacity with the trust put in the activities as a result of the increased assurance in the financial statements;
  • From the users of financial statements’ standpoint; disclosure of the financial statements in compliance with the reporting framework so as to ensure comparability and reflect the entity’s actual financial position and performance;
  • From the auditors’ standpoint; increasing the level of transparency and accountability by promoting the corporate governance capacity for ensuring disclosure of financial statements in compliance with the legal framework;
  • From the regulatory authorities’ standpoint; increasing the level of compliance to international standards and internal legislation;
  • From the society’s standpoint; increasing the fair and optimum allocation of resources.

While the direct output of the audit is the audit report, its desired impact is to ensure an improvement in the corporate governance capacity of the auditee and ultimately create a public value and promote sustainable development. However, the impact and value of audit activity cannot always be measured easily. Although there are some indicators that can be used, the lack of prescribed criteria for measuring the whole impact of audit makes it difficult to gain insight into value of audit. In a general sense, the improvement in the following areas can be considered important in measuring the impact generated by audit:


  •  to ensure improvement in the corporate governance capacity of the auditee and welfare in society in general and effect social norms in a broader sense, particularly the legal framework,
  • to ensure the proliferation of tutorial and facilitator functions of audit,
  • to be responsive to the needs of society and generate corresponding outputs,
  • to ensure that the operational effectiveness is increased,
  • to ensure the promotion of innovative approaches and use of new technologies,
  • to support the successful accomplishment of sustainable development goals,
  • to contribute to increasing the public trust in audit and auditing entity through raising the awareness about the value of audit.

This panel aims to share the approaches and good practices of audit professionals and academicians about the definition and measurement of added value and contribute to the literature studies to be made in this field.


18 April 2019;

  • 09:30 Opening of Conference
  • 12:00 Lunch
  • 13:30 Panel on the Latest Approaches in Measuring the Added Value of Audit and Challenges
  • 16:30 End of the 1st Session of the Panel

19 April 2019;

  • 09:30 2nd Session of the Panel
  • 12:00 Lunch
  • 13:30 3rd Seesion of the Panel
  • 17:30 end Of the 3rd Seeion of the Panel




TÜRMOB Governing Board Member-Former Minister of State Dr. Masum TÜRKER (Moderator)

President of Maldives Auditor General's Office Hassan ZIYATH

President of State Audit Institution of Serbia Dusko PEJOVIC

Deputy Auditor General of Supreme Audit Office Afghanistan Mujeeburrahman SHIRZAD

State Audit Office of the Republic of Latvia/ Council member Edgars KORCAGINS

State Audit Office of Hungary/ Audit Manager József SIMON

OECD-SIGMA Senior Policy Advisor Alastair SWARBRICK

State Audit Bureau of Kuwait/ Controller Exploration Refining Audit Control Section Khalil ALWAZZAN

Chamber of Sworn-in Certified Public Accountants of İstanbul Vehbi KARABIYIK 

Association of Public Internal Auditors/ Chairman of Governing Board Bahadır TOPAL

Turkish Economy Bank SME Consultant - Başkent University/ Head of Institute of Social Sciences Prof. Dr. M. Tamer MÜFTÜOĞLU

Public Oversight Authority/ Head of Department Mehmet ŞİRİN

The Institute of Internal Auditing Governing Board Member Okan GÜN

PwC Turkey/ Partner Özkan Kıvanç

KPMG Turkey/Partner H. Nesrin TUNCER 

MAZARS Turkey/ Partner Tuğba ŞİMŞEK ÖZADALI 

Ernst & Young Turkey/Partner Onur ÜNAL

Deloitte Turkey/ Partner Nazlı İVAK