The Effect of Audit And Risk Committee Effectiveness on Corporate Governance Reports in Banks: An Application At BIST

In recent times, the ever-increasing need for information, fund flows, risk management, etc. The emergence of such incidents has increased the need for corporate governance practices in many enterprises, especially regulatory authorities. However, it is also seen that the procedures related to the realization of audit activities and trying to identify risks in advance are becoming increasingly important. The effectiveness of audit and risk committees is another important issue in terms of corporate governance. This study was conducted on companies in the banking sector included in the BIST 100 index. The study hypotheses were tested in line with the data on banks via KAP. As a result of the study, a positive relationship was found between the effectiveness of both audit and risk committees and the implementation of the shareholders' principle, the public disclosure and transparency principle, the stakeholders' principle and the board of directors' principle. In addition, a significant relationship was found between the number of meetings and the effectiveness of both audit and risk committees. In short, the effectiveness of audit and risk committees in banks increases the commitment to corporate governance principles and increases the reliability of corporate governance reports. In addition, it has been determined that the increase in the number of meetings in banks increases the effectiveness of audit and risk committees.