Key Audit Matters: A Research on Borsa Istanbul

Key audit matters are defined as the most important matters that auditors pay attention to during audit process. With the standard numbered as BDS 701 issued in 2017, it has been mandatory to use key audit matters in independent audit reports. Aim of this research is to determine which matters (key audit matters) does auditors pay attention in the course of audit process. With this scope, independent audit reports of companies that reside in Borsa ？stanbul Manufacturing Sector has been investigated to make an assessment about what key audit matters are. According to the results of the research, most reported key audit matters are; Revenue, Tangible Fixed Assets, Trade Receivables and Inventories