A Statistical Analysis of the Effects of the Strengthening of Accounting and Auditing Standards on the Financial Soundness of Banks

Financial soundness of banks is vital not only for the firms but also countries in order to achieve sustainable economic development and welfare society. There are many factors affecting financial both firm level country level. In this study, it tested whether strengthen auditing accounting standards affects or 140 by using Kruskal-Wallis test. According test results, can be argued that as strengthens then rise. As a result, concluded banking sector should give great importance better development.