BAKU, Azerbaijan, September 19. Memoranda have been signed within the framework of the Eurasian Forum in Baku, Trend reports.
According to information, the first memorandum of understanding was signed by the Baku Higher School of Petroleum and the UK Institute of Public Finance and Accountancy.
The memorandum is aimed at recognizing qualifications leading to exemption from CIPFA (Chartered Institute of Public Finance and Accountancy) examinations and creating experience to achieve CIPFA qualifications, mutual support between the parties, exchange of experience and best practices, cooperation in training and skills development through CPD (Continuing Professional Development) courses and programs.
The second memorandum of cooperation was signed between the Chamber of Financial Auditors of Romania (CAFR) and the Association of Professional Financial Managers of Azerbaijan (APFM).
The memorandum is focused on promoting the development of the auditing and accounting professions in the national economic environment. The parties will support the promotion of international accounting and auditing standards to improve financial reporting. The document includes mutual support in organizing Continuing Professional Development (CPD) programs as well as consultations on professional issues at the international level.
The third memorandum of cooperation was signed between the Institute of Accountants and Auditors of Montenegro (IAAM) and the Association of Professional Financial Managers of Azerbaijan (APFM).
The major focus is on the development of the accounting and auditing professions in the two countries and strengthening economic ties, promotion of international financial reporting and auditing standards to improve reporting at the national level, mutual support in professional development, and ensuring the quality of work of the organization's members.
The fourth memorandum on cooperation was signed between the Chamber of Auditors of Uzbekistan and the Association of Professional Financial Managers of Azerbaijan (APFM).
The purpose of the memorandum is to strengthen cooperation and development of accounting and auditing professions in the two countries and promote international auditing and accounting standards to improve the quality of financial reporting at the national level.
The parties agreed to jointly support the professional development of the organization's members and the introduction of best practices in accounting and auditing activities.
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