Title: Corporate gatekeeper liability in Turkey: auditors' case

Authors: Fikret Çankaya; Halil Ibrahim Bulut; Hüseyin Örs

Addresses: The School of Economics and Administrative Sciences, Department of Business Administration, The Black Sea University, İİBF – KTÜ, Trabzon, Turkey ' The School of Economics and Administrative Sciences, Department of Business Administration, The Black Sea University, İİBF – KTÜ, Trabzon, Turkey ' The School of Economics and Administrative Sciences, Department of Business Administration, The Black Sea University, İİBF – KTÜ, Trabzon, Turkey

Abstract: It is clear from the literature that corporate gatekeepers such as auditors, investment bankers, credit-rating agencies, securities analysts and attorneys play a critical role in corporate governance. A steady stream of significant reforms with respect to the capital markets, including corporate gatekeepers, have been enacted to make the Turkish system compatible with the EU regime over the last years as part of the partnership agreement between Turkey and EU. This paper analyses the effectiveness of the corporate gatekeeper liability with respect to auditors in Turkey. In addition to the recommendations presented, a key contribution this paper makes is a detailed synthesis of a large amount of academic literature related to gatekeeper regimes.

Keywords: corporate gatekeepers; gatekeeper liability; auditing; Turkey; corporate governance; auditors.

DOI: 10.1504/IJCA.2014.063364

International Journal of Critical Accounting, 2014 Vol.6 No.2, pp.124 - 146

Received: 08 May 2021
Accepted: 12 May 2021

Published online: 14 Jul 2014 *

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