CAPITAL MARKETS BOARD’S V？EW OF FAULT AND FRAUD: ADMINISTRATIVE MONETARY PENALTY

Financial statement users need accurate and fairly prepared financial statements to make the right decisions about the business. There is a distinction between "fault and fraud", depending on whether the mistakes made during the preparation of the financial statements are intentional or not. Fault and fraud, along with size and impact cannot be argued, whatever the reason is, damage the business and decision makers are misled in their decisions. The purpose of our work is to analyze “administrative monetary penalty” to be given by the Capital Markets Board (CMB) to public companies subject to the Capital Markets Law (CML) in order to prevent fault and fraud and the reasons which companies and for what reasons. When this analysis is carried out, the names of the companies and the members of the company's board of directors have not been given in order not to damage their reputation and only general determinations have been made