Professional Liability Insurance for Certified Public Accountants, Certified Public Accountants and Independent Auditors

Independent Financial Advisors Professional Liability Insurance (SMM):

According to the Law No. 3568 and all the communiqués published in addition to this law, the erroneous and faulty acts of the independent accountant and public accountant financial advisors while performing their professional activities may come to the taxpayers they serve;

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  1. Administrative fines that may be imposed by official institutions,
  2. Special irregularity and special irregularity penalties,
  3. Tax penalty,
  4. Late fee,
  5. Overdue interest,
  6. Remorse,
  7. or The tax, tax penalty, late fee and interest incurred due to the mistake or fault made during the performance of professional activities and due to joint liability are covered by SMM professional liability insurance.

Claims against the insured due to faulty or faulty acts made up to 5 (five) years before the insurance policy is issued or while the insurance policy is in effect; It is covered under the condition of notifying the insurer within the contract period or within 30 days following the expiry of the contract period.

Certified Public Accountants Professional Liability Insurance (YMM):

Those who may come to the taxpayers they serve due to faulty and faulty acts of Sworn Financial Advisors while performing their professional activities;

  1. administrative fines imposed by official institutions,
  2. special misconduct penalties or
  3. Social insurance premiums, tax, tax penalty, late fee and delay interest, which are due to the mistake or fault of the insured while performing his professional activity, and which must be paid as a result of joint liability, are covered by the CPA professional liability insurance.
  4. Claims against the insured due to faulty or faulty acts committed up to 5 (five) years before the insurance policy is issued or while the insurance policy is in effect are covered, provided that the insurer is notified within the contract period or within 5 (five) years following the expiry of the contract period.

Independent Auditors Professional Liability Insurance (BD):

Independent Auditor Professional Liability Insurance; It is a professional liability insurance that provides insurance regarding the responsibilities of independent audit firms and independent auditors authorized by the Public Oversight, Accounting and Auditing Standards Authority in accordance with the conditions specified in this policy, in accordance with the Decree Law No. 660.

Within the contract period of the said institutions and auditors; Claims arising from reasons such as conducting independent audits against all kinds of legislation and auditing standards, including information systems auditing, and issuing independent audit reports, including incomplete, inaccurate, misleading information and opinions in their reports, and reasonable expenses related to these claims, litigation expenses and attorney's fees. It is covered by BD professional liability insurance.