Azerbaijan, Baku, Dec. 25 / Trend , U.Ismayilova /Auditing is a form of enterprise, connected with financial checking of economic subject, its accounting, account and other documents on the observance of rules to use money and other resources. In Azerbaijan the minimum cost of auditing service, determined by the Chamber of Auditors for a company with annual income of AZN100,000, composes AZN1,000.
Vahid Novruzov, the chairman of the Chamber of Auditors of Azerbaijan:
- Very outstanding event in Azerbaijan in the sphere of auditing in 2009 will become a complete passage to the International standards of Audit in the third quarter, as a result of which considerably will increase the demand and quality of work of local auditing companies. Passage to the International standards means that local and international auditing companies will achieve auditing services on equal basis of international requirements
As a result of introduction international standards the difference in tariffs for these services between local and auditing companies and representatives of 'great fourth' will compose several times from the present in more than twenty times
In 2009 the Chamber of Auditors of Azerbaijan intends to sign a memorandum on cooperation and mutual assistance with Germany, Romania and other countries for exchange of experience on international auditing system.
Elchin Aliyev, the chairman of the Azerbaijani representative of the BKR International auditor and consulting company:
- In 2009 the auditing in Azerbaijan will continue to be developed, and sufficiently conditions were created for this purpose in the country. In 2009, possibly, changes will take place in the legislative base in connection with the influential significance of the independent auditing in the country, which is connected first of all with an increase in demand for independent auditing. The demand to this form of auditing grows because of an increase of incomes of people occupied in economy, which require conducting of compulsory auditing.
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