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Azerbaijani Accounting Chamber may freeze accounts

Business Materials 16 April 2013 19:50 (UTC +04:00)
The Azerbaijani Accounting Chamber may utilise its powers which allow the freezing of accounts belonging to organisations if the budgetary and other organisations do not execute the provisions of the Accounting Chamber, Chairman of the Azerbaijani Accounting Chamber Heydar Asadov told journalists on Tuesday.
Azerbaijani Accounting Chamber may freeze accounts

Azerbaijan, Baku, April 16 / Trend A. Akhundov /

The Azerbaijani Accounting Chamber may utilise its powers which allow the freezing of accounts belonging to organisations if the budgetary and other organisations do not execute the provisions of the Accounting Chamber, Chairman of the Azerbaijani Accounting Chamber Heydar Asadov told journalists on Tuesday.

He added that last year the Chamber sent about 100 regulations, but the facts of their non-execution were not recorded.

The Chamber conducted 68 audits in 2012 compared to 46 in 2011. As a result of the inspections conducted jointly with the Finance Ministry, criminal cases were filed against three taxpayers. The cases were submitted to law enforcement agencies. As a result of the audits held jointly with the Attorney General's Office, some 2,250 manat have been returned to the state budget.

The official exchange rate is 0.7847 AZN/USD on April 16.

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