Accounting transactions for multi-year construction, commitment and repair works internal control and audit in construction commitment companies

The Construction business is one of the locomotive industries in Turkey and it is the most improving one after the constitution of the Republic. The industry was started its development by the large scale railway and water supply projects of the young Turkey at the first ages of the republic and continued aggressively the development by the liberality wind after second world war. Because construction industry generally hires a large scale of labour force, it has an important effect on decreasing unemployment. Moreover, Turkey is absolutely the production base of its region for the all construction sub-industries. Construction industry is the artery of the most of sub-industries. Most of the companies of the industry are also working abroad. Enlarging country inside and close region markets have been accelerated the industry rapidly in the last five years.Construction business is separated to two parts in the tax law of Turkey as ?completed in multiyear construction and restore projects? and ?completed in one or less than a year construction and restore projects?.This study aims to investigation of the auditing and control system of the industry in the different regions. The multiyear construction and restore projects? structure and the principle of the precedence accounts? contract standard TMS 11 are checked in detail.Moreover, auditing and control system of the industry is investigated. The auditing of accounts, stock accounts and cost calculations are explained in detail.Key words: Construction, TMS 11, Auditing