AN ANALYSIS FOR THE EFFECTS OF GLOBAL COMPETITIVENESS OF THE COUNTRIES ON THE STRENGTHENING OF AUDITING AND ACCOUNTING STANDARDS

Abstract

In this study, the effect of the level of development of global competitiveness in 139 countries on the level of accounting and auditing standards was examined by ANOVA test according to World Economic Form Global Competitiveness Index 2018 data. According to empirical results, as the global competitiveness increases, the strength of accounting and auditing standards also increases. As the countries' global competitiveness rises, priority is given to the development of areas such as institutionalization, transparency, accountability and standardization at the firm level. On the other hand, as global competitiveness increases, costs, productivity and efficiency need to be further improved. In this context, the development of global competitiveness positively affects the strengthening of the level of accounting and auditing standards.