Ernst and Younq to prepare new account chart for Azerbaijani banking system
Azerbaijan, Baku, June 21 / Trend /
The Central Bank of Azerbaijan (CBA) has announced Ernst and Younq Holdinqs (SiAyEs) Bi.Vi the winner of a tender on choosing the executive organization to prepare a new account chart for the banking system and recommendations for their introduction.
"According to the decision, Ernst and Younq Holdinqs (SiAyEs) Bi.Vi in Azerbaijan was chosen," a statement said.
The contract for rendering appropriate services has been already concluded with the company.
The bidders must meet the following requirements:
Consulting and auditing companies must operate at least five years, and be independent from the legal and financial points of view,
They must have experience and skills in using and holding the audit in accordance with the International Financial Reporting Standards (IFRS) in the financial sector,
They must have experience in training / modernizing and using accounting based on IFRS, the accounting rules or the chart of accounts for central banks or lending institutions / financial institutions
- The relevant experience and deep practical knowledge of information on accounting and banking sector of Azerbaijan, including the preparation of financial statements in accordance with IFRS.
The work will be conducted in the CBA's office building.