5018 Law on Public Accountancy and Auditing

The Law on public fiscal administration and control has been published in the Official Gazette in Turkey on 24 December 2003. The purpose of this Law is to regulate the structure and functioning of public fiscal administration, the preparation and implementation of public budgets, the accounting and reporting of all financial transactions, and fiscal control in line with the policies and goals laid down in development plans and programs in order to ensure effective, economical and efficient collection and use of public resources, and accountability and fiscal transparency.