An Analysis Of General Situation Of Auditing And Auditing Profession In Turkish Insurance Sector During European Union Pre-Accession Period Of Turkey

Abstract

Nowadays, to search the accuracy of the information given in financial statementsthat are declared to public related to the operations and transactions companiesperform and their conformity to legal regulations has become more and moreimportant. To express in other words auditing has become an crucial task recently.It is certain that Turkish Insurance sector, especially during the globalizationperiod of Turkey has developped internationally and the sector is taking part in thefast changing and renovation process that is brought by the globalization.Accordingly, with the help of global standarts that are formed by InternationalAssociation of Insurance Supervisors (IAIS) related to insurance sector public auditing;we aim to clarify the meaning of terms and conditions along with the institutions onpublic auditing, independent auditing and internal auditing in insurance sector both inEuropean Union and in Turkey.The aim of our study is to examine and to discuss the professional standartsthat an auditing company performing the independent audit of financial statements ofinsurance companies and their authorized auditors should have. In addition we willstudy general auditing and the development of auditing as a profession. In particular,we will disscuss the international accreditation of local auditors and the Turkishperception and understanding of European Union for this subject.