WORLD OF ACCOUNTING SCIENCE, cilt.15, ss.97-108, 2013 (Diğer Kurumların Hakemli Dergileri)
Agency theory which is applicable to social sciences like economics, political science, organizational behavior and sociology, is useful in explaining the reasons why auditing has arose. In the process of globalization, the expansion of enterprises made it impossible for the owners to be in complete control of their businesses. As a result, business owners chose agents to manage the enterprise on their behalf. This owner-agency relationship caused the possibility that owners of the enterprises have incorrect and disingenuous information. Auditing is an alternative way in preventing business owners from having incorrect and disingenuous information.