Abstract

The concepts we use to convey thoughts and make sense are using with their unique characteristics as 'professional concepts' in their professional life. In accounting and auditing, many concepts are using in the profession and some new concepts are added or some are changed over time. For some issues, while using common concepts accepted by everyone, different concepts may be preferred for some issues.

There have been many criticisms of different groups from the past to the present regarding the independent audit activity. With the scandals that took place at the beginning of the present century, these criticisms were handled in a different dimension and led to significant changes in the audit. Some of the criticisms of the independent audit focused on the auditor's performance and independence. However, an important part of the criticism is expressed in terms of uncertainty regarding the role of the auditor and the scope of the independent audit activity. In this respect, terminology is important in independent auditing.

Independent audit has its own terminology as a systematic and technical process. In this research, commonly used audit report and auditor's report' concepts are examined. For this purpose, in order to determine which concept is preferred in practice, 2018 annual reports and financial statements of the companies in BIST-100 index are examined. As a result of the research, it is seen that all independent auditors use independent auditor's report, but business executives can choose both concepts. Although it is not enough to eliminate the ambiguities of meaning mentioned in the report, which one of the two concepts will be preferred, it is thought that it may draw attention to the importance of terminology in independent audit.