Journal of Asian Finance, Economics and Business最新文献

{"title":"FINANCIAL REPORTING TIMELINESS: A SCOPE REVIEW OF CURRENT LITERATURE","authors":"Gokhan Ozer, Abdullah Kursat Merter, Yavuz Selim Balcioglu","doi":"10.17261/pressacademia.2023.1759","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1759","url":null,"abstract":"Purpose- A key factor in ensuring that stakeholders can make well-informed decisions based on accurate and up-to-date information is financial reporting timeliness. This involves the timely release of financial statements, which are essential for providing investors, creditors, and other stakeholders with an overview of a company's financial status. Timely financial reporting allows stakeholders to react quickly to changes in a company's financial situation and make informed investment decisions. It also helps to build trust and confidence in a company's management and financial reporting processes, ultimately leading to greater transparency and accountability. This study aims to provide a scope review of current literature on financial reporting timeliness by analyzing the number of publications on this topic in Web of Science. Methodology- A systematic search of academic databases and search engines was conducted using keywords such as \"financial reporting timeliness,\" \"audit report lag\" and \"audit report delay\". Findings- We found that there are more than 150 publications on the topicality of financial reporting on the Web of Science alone from 2012-2023. Over the past few years, there has been a steady and consistent increase in the number of publications dedicated to exploring the topic of financial reporting timeliness, specifically focusing on the audit report lag. Conclusion- The review highlights key themes, including factors contributing to audit report delays, the impact of audit report delays on financial reporting timeliness, and potential solutions for improving audit report timeliness. The findings reveal that audit report delays can have significant consequences for financial reporting timeliness, and consequently, for stakeholders' decision-making processes. This scope review underscores the importance of addressing audit report delays to maintain timely financial reporting and proposes future research directions for further exploration. Keywords: Financial reporting timeliness, audit report lag, auidt report delay, scope review JEL Codes: M40, M41, M42","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"111 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"DESIGN OF ECONOMIC INTELLIGENCE AND COMPARATIVE STATIC ANALYSIS IN ADVANCED AND EMERGING MARKET ECONOMIES","authors":"Nazim Ekren, Muhammed Ali Cinar","doi":"10.17261/pressacademia.2023.1764","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1764","url":null,"abstract":"Purpose- In this study, it is aimed to examine the consistency of the economic intelligence systems applied in national economies by taking into account their macroeconomic performance in ordinary and extraordinary periods. Methodology- In this study, a comparative analysis of macroeconomic statistical data of advanced and emerging countries that have an economic intelligence system was performed. In this context, the difference between a country that practices economic intelligence and a country that does not practice it is evaluated by performing a static analysis on the macroeconomic indicators of the United States and Brazil. Findings- As a result of the analysis of the economic actors, it is seen that the areas of economic vulnerability should be regulated in order to bring the interests of the stakeholders within the system together in a common center. At the same time, it was concluded that the preferences and priorities of stakeholders should be directed in order to regulate macroeconomic vulnerabilities. In emerging economies, it is being pioneered in order to conduct a positioning study on which macroeconomic indicators should be interpreted in the process of analyzing the preferences and priorities of stakeholders. Conclusion- Considering the comparative macroeconomic analysis, it is seen that the countries applying the economic intelligence system have a warning system because they can examine the conditions before the economic crises. This warning system ensures that stakeholders are compliant in accordance with the conditions.Due to these developments, it is thought that a break from Neo-Classical economic rules, which gained importance after the 1980s, has begun to occur. Although this break is not a complete break, it shows that there is a search for a new economic norm. In the process of searching for this norm, it is seen that the economic intelligence system is important. Keywords: : Economic intelligence, political economy, intelligence,security and defense, national economy JEL Codes: F52, F62, F63","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE IMPLICATIONS OF BREXIT REFERENDUM ON THE LONG-RUN RELATIONSHIP BETWEEN THE EURO AND POUND STERLING: RESIDUAL AUGMENTED LEAST SQUARE BASED EVIDENCE","authors":"Ahmet Usta, Melih Kutlu","doi":"10.17261/pressacademia.2023.1789","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1789","url":null,"abstract":"Purpose- The aim of this study is to investigate the economic effects of Brexit from the viewpoint of exchange rates. This research studies the impact of Brexit on long-run relationship between euro and pound sterling. It is crucial to assess how Britain’s vote to leave the European Union affects long-term relationship between euro and pound sterling because such action may have significant financial and economic implications on both economies (Diez et al., 2019; Korus & Celebi, 2019; Nagarakatte & Natchimuthu, 2022). Methodology- This study utilizes daily trade-weighted real effective exchange rate indices for euro (EUR) and pound sterling (GBP) over the period of January 1, 2013 to December 31, 2019 to investigate the impact of Brexit referendum took place on June 23, 2016 on the long-run relationship between euro and pound sterling. We exclude European sovereign debt crisis and pandemic periods. As stated previously, this study considers June 23, 2016 as the reference to assess the impact of Brexit on the relationship between currencies. Therefore, our analysis involves three periods including full sample period, pre- and post-Brexit. Empirical investigation relies on residual augmented least squares (RALS) based approach. Due to Im & Schmidt (2008), Im, Lee, & Tieslau (2014), and Lee, Lee, & Im (2015), we use RALS-based unit root test and cointegration analysis. While traditional tests (augmented Dickey-Fuller unit root and Engle-Granger cointegration) assume that error terms are normally distributed, which is a very strict assumption, RALS-based tests relax that condition. We also conduct Granger (non-) causality test proposed by Toda & Yamamoto (1995) to investigate the direction(s) of possible causalities between euro and pound sterling for each period. Findings- RALS based unit root test results suggest that the time series of exchange rates contain unit root for full sample, pre- and post-Brexit periods. The only exception is the time series of sterling pound is I (0) in post-Brexit period. According to the unit root test results, we can conclude that foreign exchange markets in both economies follow weak form efficiency for all sample periods. However, this is not valid for the sub sample where the time series of pound sterling is stationary at level, in post-Brexit. RALS based cointegration test results show that there is no cointegration between the time series of EUR and GBP. This general result is confirmed by both models, RALS ADL and RALS EG2. However, we observe a cointegrating relationship between two currencies in post-Brexit period when we treat GBP as the dependent variable. According to the Granger non-causality test results, we fail to reject null hypothesis and conclude that there is no causality running from EA to UK and vice versa for all sample periods. Test results reveal one exception. In the post-Brexit period, EUR Granger causes GBP implying that the past values of EUR are useful to forecast ","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE EFFECTS OF SELF-EFFICACY AND OPTIMISM ON PERCEIVED EMPLOYABILITY","authors":"Yaprak Kalafatoglu","doi":"10.17261/pressacademia.2023.1766","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1766","url":null,"abstract":"Purpose- According to the January 2023 report of the Turkish Statistical Institute (TUIK), while the unemployment rate in Turkey is 10.2% as of November 2022, this rate is 17.8% for the young population in the 15-24 age group. It is seen that youth unemployment is one of the important problems in Turkey and the possibility of not being able to find a job for young people creates a worrying situation. Employability is an individual's perception of their chances of finding a job. It is thought that one of the features that can be beneficial for individuals to cope with the process of finding a job is psychological capital. This research aims to test the effect of the concept of psychological capital, which consists of hope, optimism, self-efficacy and resilience dimensions, on perceived employability on a student sample. Methodology- In this study, data were collected using a structured questionnaire. The questionnaire consisted of psychological capital scale, perceived employability scale and demographic information section. 219 students studying in the department of business administration of a state university participated in the study. Participants are between the ages of 17-27. The data were obtained between September 2022 and January 2023 with convenience sampling method and online survey application. Findings- In the study, first of all, the factor structures of the variables were determined by confirmatory factor analysis. Then, the relations between the variables were examined by correlation analysis and it was seen that each sub-dimension of psychological capital had an effect on perceived employability. As a result of the regression analysis performed to test the hypotheses, it was seen that only the dimensions of self-efficacy and optimism had the effect of explaining the perceived employability. Conclusion- In this study, it was seen that students' beliefs that they will be successful and their thoughts about getting positive results increase their perceptions about finding a job. Although this result is consistent with the findings in the literature, it differs from previous studies in that resilience and hope do not have a positive effect. Research shows that optimism and self-efficacy can be increased by education and various learning methods. In this context, it is thought that the trainings to be provided by universities and non-governmental organizations will enable students to better cope with the labor market. Future studies may offer a broader perspective by examining the role of mediators and moderators in the relationship between self-efficacy and optimism and perceived employability. Keywords: Psychological capital, perceived employability, self-efficacy, optimism, positive psychology JEL Codes: M00, M12, M19","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135250234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EXAMINATION OF THE RELATIONSHIP BETWEEN FOREIGN INVESTORS AND BIST-100 RETURN INDEX","authors":"Adil Guzel, Vahit Ferhan Benli","doi":"10.17261/pressacademia.2023.1780","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1780","url":null,"abstract":"Purpose- The aim of this study is to analyze the relationship of foreign portfolio investments, which are gaining importance in Turkey, with the Borsa Istanbul (BIST)-100 return index. Method- The relationship between foreign investor portfolio sizes and BIST-100 return index was examined based on quarterly periods covering the years 2010 and 2021. While the data on foreign portfolio sizes and the number of foreign investors were obtained from the central registry, data on the BIST-100 return index were obtained from the official website of the Central Bank. In the study, first of all, it was tested by correlation analysis whether there was a significant correlation between the data. If there is a relationship between the data, the direction of the relationship was investigated using the Granger Causality test method developed by Granger (1969), and econometric methods such as unit root test and stationarity analysis were used to make sense of the findings. Findings- The causality direction from BIST-100 index to Foreign portfolio value was determined by reaching the one-way causality relationship that the stock returns (BIST-100 return index) are the cause of the foreign investor portfolio value. Therefore, in this research, it is concluded that the performance of the stock market in Turkey acts independently from the portfolio values of foreign investors. Conclusion- Considering the dynamics and structural features of the financial markets in Turkey, the impact of the sectoral and company-level investments of foreign investors may differ according to the general stock returns. Therefore, although these results do not definitively show that there is no effect of foreign investors, they may reveal different dimensions of the effect of foreign investors, as will be discussed in this research. Keywords: Foreign investments, Borsa Istanbul, Capital Markets, Confidence Index, Granger Causality JEL Codes: G10, G11, G15","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135250236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EVALUATION OF MUNICIPALITIES PROVIDED WASTE SERVICES IN TURKIYE WITH CLUSTER ANALYSIS","authors":"Duygu Tunali","doi":"10.17261/pressacademia.2023.1785","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1785","url":null,"abstract":"Purpose- The purpose of this study is to evaluate the municipalities providing waste services in Turkey to significantly reduce the production of solid waste through prevention, reduction, recycling, and reuse by 2030 in order to ensure sustainable production and consumption patterns. Methodology- Cluster analysis is carried out and interpreted to classify the average amount of waste collected per capita in provinces in Turkey and the ratio of the number of municipalities in each province providing waste services to the population of municipalities. The data used in the analysis is obtained from the table published for the year 2020 by scanning waste statistics on the Turkish Statistical Institute website. Findings- In the study, in line with the objectives of sustainable development, the average amount of waste collected per capita in 81 provinces throughout Turkey and the ratio of the number of municipalities in each province providing waste services to the population of municipalities are made. As a result of the analysis carried out, 81 provinces are collected in 5 clusters, while there are 23,13,27,11 and 7 provinces in the clusters. Conclusion- Sustainability emphasizes that the needs of future generations should not be ignored while meeting the needs of today. At the United Nations Sustainable Development Summit, an action plan was adopted that includes the objectives to be followed for the welfare of people around the world and the tools necessary to achieve these objectives. In this study, municipalities providing waste services in Turkey are evaluated in order to significantly reduce the production of solid waste through prevention, reduction, recycling and reuse until 2030, which is within the scope of responsible production and consumption within these purposes, which Turkey also supports. As a result of the analysis, it has been evaluated that the municipalities in which provinces are in the same group that show similarities in the scope of waste service. It is thought that the findings obtained will provide information as preliminary research for those who will work on this subject and will set light on the evaluations and comparisons to be made on a provincial basis. Keywords: Sustainability, waste service, Turkish Statistical Institute, cluster analysis JEL Codes: Q01, Q50, Q56, C10","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135248480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE EFFECT OF AUTHENTIC LEADERSHIP ON INNOVATIVE WORK BEHAVIOR, PSYCHOLOGICAL EMPOWERMENT AND WORK ENGAGEMENT: A RESEARCH IN BANKING SECTOR","authors":"Leith Saad Mahmod, Beynaz Uysal","doi":"10.17261/pressacademia.2023.1783","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1783","url":null,"abstract":"Purpose- The increasing uncertainty and complexity faced by organizations especially in the 21st century has made it more challenging for organizations to gain and maintain a competitive advantage. As it has been agreed more recently, the success of organizations and their long-term sustainability depend mostly on their employees. In order to cope with these difficulties and necessities of business life, employees need to exhibit different behaviors. Engaged, empowered and innovative employees create extraorninary results for their organizations. The effect of the leadership on employee behavior is confirmed toward the researches in management field. The subject of discussion is which behaviors of leaders provide expected results and the most appropriate leadership style for the situation. In the current circumstances, leaders are expected to inspire and empower employees to make decisions about how to achieve their goals; to behave ethically and have strong values, and to be aware of themselves and others, to be transparent in their relationships, and to evaluate situations objectively and impartially. The behaviors expected from leaders today lead us to think about authentic leadership. The impact of transformational and servant leadership on innovative work behavior, empowerment, and work engagement has been more studied so far. But research on the effect of authentic leadership is scarce. In this context, this study was designed to discover the effect of authentic leadership and its sub-dimensions on innovative work behavior, work engagement, and psychological empowerment. Methodology- This study is based on a quantitative method, and as such, data was collected using a questionnaire methodology. Authentic leadership, innovation work behavior, psychological empowerment and work engagement scales were used in the questionnaire to obtain the data of the research. A total of 600 usable questionnaires from Turkey's banking sector were obtained via convenience sampling methodogy. The study's data was analyzed using SPSS 24.0 and the Lisrel 8.7 program. Findings- As a result of this research, significant positive effects of authentic leadership on innovative work behavior, psychological empowerment, and work engagement were determined. Conclusion- Based upon findings, it can be stated that authentic leadership is effective in revealing employee’s innovative work behavior, psychological empowerment, and work engagement. From the practical perspective, the results of this study show that it is important for the leaders to truly understand themselves and how they affect their employees. Keywords: Authentic leadership, innovative work behavior, psychological empowerment, work engagement, banking sector. JEL Codes: M10, M19, M54","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"PREDICTING BITCOIN PRICE WITH THE LSTMA MODEL","authors":"Osman Gazi Polat, Ayben Koy","doi":"10.17261/pressacademia.2023.1804","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1804","url":null,"abstract":"Purpose- Forecasting techniques and models are extremely important for people and organizations that are in the right decision making and investment stage. Forecast accuracy enables successful decisions and allows investors to maximize their profits. The development of finance and related technologies in the world and innovative financial instruments have made it interesting for investors. The most popular of these developments is undoubtedly Bitcoin, a product of blockchain technology. The purpose of this study is to predict the future values of Bitcoin. Methodology- In this study, future predictions are made using an LSTM model based on Bitcoin's historical data and indicators of key market forecasters. In this study, 3 different data sets were created by selecting 1 indicator from 4 different indicator types. The 10 Bitcoin data coming after the last value is estimated. Findings- In this study, 3 different data sets were created by selecting an indicator from 4 different indicator groups. These datasets were first trained with the iterative neural network LSTM model and then tested with real values. At the same time, the next 10 bitcoin price values were also predicted in a 15-minute period. Error rates at the end of the model were compared with each other. The 1st dataset, with the most used indicators in the datasets, produced the lowest error rate. Conclusion- The dataset 1, which consists of the most used indicators of the datasets, gave the lowest error rate. According to this result, the rate of reaching realistic values increases as the use of indicators increases. Keywords: LSTM, bitcoin, cryptocurrency, neural network, prediction JEL Codes: C53, C45, G10","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135255209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The meaning and practice of inclusion AMIDST gender diversity on boards of public sector organizations in Uganda","authors":"Regis Namuddu, Kehbuma Langmia","doi":"10.17261/pressacademia.2023.1805","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1805","url":null,"abstract":"Purpose- The study aims to examine the antecedents and consequences of consumers' perceived value within the scope of mobile grocery shopping (MGS). In the study, the effect of financial risk and performance risk on perceived value, and the effect of perceived value on repurchase intention and corporate image were examined. Methodology- Convenience sampling method has been used in the study. Data are collected from 271 users living in Ankara by survey method and analyzed by structural equation model. Normality and Cronbach Alpha values are conducted with SPSS 26 package program; Goodness of fit values, validity analysis and path modelling are carried out with the AMOS 24 package program. Findings- Financial risk (β=-0.389; p<0.001) has a slightly stronger negative impact on perceived value than performance risk (β=-0.228; p<0.001). It was concluded that perceived value positively affects repurchase intention (β=0.622; p<0.001) and corporate identity (β=0.262; p<0.001). Conclusion- As a result of the research, it is revealed that financial risk and performance risk affect the perceived value negatively. When the use of MMA is worth the money to the consumer, it will lead to the individual to consider continuing to use this mobile service to purchase products. Moreover, the fact that the use of MMA is beneficial for the consumer causes the perception that this company, which sells grocery products, has a social contribution and a positive image to the society.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136241321","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The importance of independent audit and ethics in prevention of risk in businesses","authors":"Osman Yilmazcan","doi":"10.17261/pressacademia.2023.1825","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1825","url":null,"abstract":"Purpose- Regarding risks that express the possibility of loss of financial, physical, human and intellectual resources of businesses, not only due to their effects on the existence of the relevant businesses; At the same time, due to its devastating effects extending to international economies, it has become necessary to make institutional and legal regulations at national and international levels. Since the focus of the regulations is on \"independent auditing and ethical rules\", examining this issue constitutes the purpose of the study. Methodology- The method of the study is to consider the audit institutions and concepts developed for the prevention of risk in the historical development process, to reveal the importance of independent auditing and ethical principles in terms of stakeholders and the social environment, and to evaluate the subject in a whole, based on the literature. Findings- In preventing risks; It has been determined that audit activities are carried out under three headings: public audit, internal audit and independent audit. In independent auditing, which provides assurance regarding the reliability of financial data and statements, ethical principles are a prerequisite for ensuring the public interest. When we look at the historical roots of the concept of independent auditing and ethical principles; The emergence of financial reporting and auditing scandals behind the sudden bankruptcies of international companies such as Enron, World Com, Xerox, Lucent in the USA and Parmalat in the EU has shaken the trust in capital markets, company management, financial reports, independent audit companies and auditors. The need to re-establish public confidence in the markets and to introduce regulations regarding the transparency, honesty and financial information disclosure responsibility of public companies necessitated institutional structuring and regulations. In this context, the Treadway commission, established in 1985 in the USA, prepared the Sarbanes-Oxley Act (SOX) in 2002, and based on this law, the Public Company Accounting Oversight Board (PCAOB) was established to monitor the accounting sector in order to protect the interests of public company investors. International Supreme Audit Institutions have published the Code of Ethics Standard (ISSAI 30). In parallel, the Public Oversight Institution (KGK) and Capital Markets Board (SPK) in Turkey published the \"Corporate Governance Principles\". Conclusion- In order to prevent risks, independent auditing based on ethical principles, on the one hand, ensures the protection of stakeholders and public interest; On the other hand, it will contribute to the successful continuation of the activities of the related enterprises. The trust and transparency to be provided in the investment environment will be the guarantee of the development of national and international economies in general and the increase of social welfare and the dynamic of development. Keywords: : Risk, audit, ethi","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136242722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}