Information Package

Program of Insurance and Risk Management

TBF387

AUDIT IN INSURANCE BUSINESS

Course Code
TBF387
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Explain the need for insurance supervision and evaluate its importance.
  2. Plan auditing processes in insurance companies.
  3. Conduct and implement audit processes in insurance companies.
  4. Ensure the completion and finalization of the audit process for insurance companies.
  5. Analyze the reporting of audit results in insurance companies and provide information on reporting techniques.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThis course covers the fundamental concepts related to auditing within the insurance sector, including the different types of audits, auditors, and auditing standards. The course will focus on evaluating internal control systems in insurance companies, identifying control risks, and planning insurance audits. Students will also learn about evidence gathering, implementing audit procedures, forming audit opinions, and preparing the final audit report.
Course Contents
WEEK TOPICS
1st Week What is insurance?
2nd Week Why does the government intervene in the insurance sector? Government intervention in the insurance sector, government supervision and regulatory activities
3rd Week Purpose of supervision in the insurance sector, authorities responsible for regulation and supervision
4th Week Insurance and Private Pension Regulation and Supervision Authority (IPRSA)
5th Week Insurance and Private Pension Regulation and Supervision Authority (IPRSA)
6th Week Individuals and institutions involved in the insurance sector
7th Week Insurance Supervisory Board (professionals)
8th Week Midterm exam
9th Week Training of professionals
10th Week IPRSA regulation
11th Week IPRSA regulation
12th Week Insurance supervision assistant and their duties
13th Week Insurance actuary assistant and their duties
14th Week Actuaries
Recommended or Required ReadingErdoğan, M. (2006). Denetim: Kavramsal ve teknolojik yapı. Maliye ve Hukuk Yayınları.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Total(%) 40
Contribution of In-term Studies to Overall Grade(%) 40
Contribution of Final Examination to Overall Grade(%) 60
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1
Preparation for Quiz
Individual or group work 14 3 42
Preparation for Final exam 1 40 40
Course hours 13 3 39
Preparation for Midterm exam 1 20 20
Laboratory (including preparation)
Final exam 1 1 1
Homework
Total Work Load142
Total Work Load / 30 (h)4.73
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2 LO3 LO4 LO5
K1 X
K2 X
K3
K4 X
K5
K6
K7 X X
K8 X
K9 X
K10
K11
K12 X X