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BUSINESS AND ECONOMICS RESEARCH JOURNAL

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Article Information
Journal: Business and Economics Research Journal
Title of Article: Auditing of Financial Sustainability for Publicly and Non-Publicly Listed Companies and A Research in Bursa
Author(s): Umit Gucenme Gencoglu, Alp Aytac
Volume: 8
Number: 2
Year: 2017
Page: 349-361
ISSN: 1309-2448
DOI Number: 10.20409/berj.2017.54
Abstract
According to the independent auditing standards, the auditor has to carry out the auditing of the annual report from 2014 and in this regards the financial adequacy of the enterprises, determination of the debt payment power and the operating risks are determined. This process has a positive effect on the financial sustainability of the public sector, which is subject to independent examination since 2005 as it is subject to the Capital Market Law. Since independent auditing process is new for companies outside the capital market, it is possible that adequate measures have not been taken to protect financial continuity in these enterprises. Based on this assumption, in this study, in order to compare financial sustainability of publicly traded and non-publicly traded companies which operate in Bursa and subjected to independent audit has been selected. After this selection, these companies’ average ratios of 2014-2015 period was entered to the SPSS 24 statistical program. The evaluation has been made based on Mann Whitney U test which is a non-parametric statistical method. As a result of the analysis, it was determined that there is a significant difference between only the turnover ratios, the turnover rate of return on equity and the return on equity ratio among publicly traded and non-publicly traded companies in Bursa.

Keywords: Financial Sustainability, Independent Auditing, Publicly-listed Companies, Non-publicly Listed Companies

JEL Classification: M40, M41

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