AN ANALYSIS FOR THE EFFECTS OF THE STRENGTHENING OF AUDITING AND ACCOUNTING STANDARDS IN THE WORLD ON THE RELIANCE FOR SENIOR MANAGEMENT

Abstract

In this study, it was examined by Kruskal-Wallis test whether the reliance of top management among country groups is statistically different according to the development level of accounting and auditing standards for 135 countries. According to the empirical results reliance in top management among the groups was found to be statistically different by the level of development of accounting and auditing standards. In this context, as accounting and auditing standards improve, reliance in top management also increases statistically. As a result, the development of accounting and auditing standards will contribute to the strengthening of corporate governance and to the increase in reliance for senior management.