Financial Statement Fraud in the Turkish Financial Services Sector

Financial statement fraud is a huge obstacle to economic growth and it results in the loss of investors’ trust financial system. In literature, detected real sector companies investigated thoroughly, however, institutions somewhat ignored. this article, researcher investigates typologies frequencies by regulator. The services framework made up like banks, intermediary portfolio management Capital Markets Board Turkey (CMB) regulator auditor for Turkish sector. author based her research on audit findings CMB between 2012 2020. According results, are found be riskiest type institution with majority cases most frequently seen asset misappropriation client assets. Moreover, likely not pursue legal allegations if company question awarded sanction according correlation analysis result. This article has unique approach that combines jurisprudence draws attention sector, which pioneer economy.