Quality of Accounting Profession in Accordance with International Standards: A Survey on Accounting Professionals in Turkey

Abstract

Professional accountants are closely concerned with the fact that the financial statements reflect the truth. In this study, to address the quality of the accounting profession, besides the standards, the opinions and suggestions of the professionals as practitioners of the profession are included. To get the opinions of the professionals, a questionnaire was applied to 302 professional accountants based on the Model (called the Daisy Model), which forms the basis of the research and consists of the factors affecting the quality of the Accounting Profession. It has been determined that unfair competition, wages and institutionalization are the factors that most affect the professional quality of the members of the profession. In the study, interviews were also held with the heads of professional chambers and professional officials to get their opinions and suggestions on increasing the quality of the accounting profession. Professional officials think that the profession should be of higher quality. They stated that there are problems in the profession in terms of wage collection, conditions of entry to the profession, continuous training and unfair competition. Solution proposals are presented by considering the future of the accounting profession and the analysis made for increasing the quality of the accounting profession and the perspectives of the members of the profession.