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Capital Market Boad of Turkey (CMB) has to authority to give audit firms to be engaged in independent audit activity in capital market in Turkey, based on the regulation "Principles Regarding Independent Auditing Standards in the Capital Markets- (Serial: X, No:22)". Then, it is very likely that these firms engaged operate in a more demanding and competitive environment than the other audit firms' since these firms have a crucial communication with capital markets' investors, and stakeholders, through their final, vital decision, audit opinion. Although requirements specified by the regulation, however, prior research do not demonstrate the differences between the audit firms operating in capital markets and the others registered by the Public Oversight Accounting and Auditing Standards Authority (POA). This study aims to examine the firm relevant attributes having an influence on the likelihood of undertaking audits in capital market in Turkey. Through a sample of 349 audit firms registered in POA, logistic regression model results showed that the number of years after registration, city's population density of audit firm's head office, and audit team size increases the audit firm's likelihood to undertake audits in Turkish capital market. The results refer to the effectiveness of auditing standards in Turkish capital markets and likely to be beneficial both to regulatory authorities and also to independent audit firms. [ABSTRACT FROM AUTHOR]