BAKU, Azerbaijan, September 19. The VIII Eurasian Forum of Accountants and Auditors will feature the signing of cooperation memoranda in Baku, Chair of the Association of Professional Financial Managers (APFM) Nuriyya Novruzova said during the forum in Baku on September 19, Trend reports.
"Today, with the increasing focus on transparency and strengthened financial oversight, it's important to emphasize the transition to sustainable financial accounting standards. Comprehensive measures, implemented with the economic realities of the new era in mind, have helped improve the country's financial accounting system in line with international requirements.
This conference offers a unique opportunity to discuss global challenges and prospects in key areas such as sustainable development, reporting, and transparency. We are confident that sharing advanced experiences in this field will be a significant step towards further enhancing transparency and creating favorable conditions to address existing issues," she also said.
According to her, since 2007, APFM has successfully implemented projects aimed at training finance professionals, focusing on their continuous professional development.
"During the forum, memoranda of cooperation will be signed with professional organizations from other countries, laying the foundation for long-term partnerships," she added.
To note, the forum is expected to feature speeches by Azerbaijan's Deputy Minister of Finance Azer Bayramov, the Minister of Finance of the Nakhchivan Autonomous Republic Hasan Ismayilov, Vice President of the International Union of Economists (IUE) Ziyad Samadzada, President of the International Federation of Accountants (IFAC), Asmaa Resmouki, and others.
The forum's topics include the development of SOCAR's (State Oil Company of Azerbaijan) sustainability reports in recent years and new sustainability-related requirements in financial reporting; the role of tax policy in the green economy; how state auditors are responding to the climate crisis and energy transition; and Azerbaijan 2030: legal regulation of sustainable financing and the ESG agenda.
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