EU allocates funding to strengthen Azerbaijan's Chamber of Accounts (UPDATE)
Details added (first version posted on 17:17)
Baku, Azerbaijan, Nov. 20
By Anvar Mammadov - Trend:
The European Union will allocate 1.4 billion euros for strengthening of institutional and functional capabilities of the Chamber of Accounts of Azerbaijan, said Vugar Gulmammadov, chairman of the Chamber, at a joint event with the EU in Baku on November 20.
Gulmammadov said this was envisioned under a twinning project realized jointly with supreme audit bodies of Croatia, Slovenia and Poland. The project is implemented by Poland's Central Audit Department (NIK).
The project that launched on October 1, 2017 will take 27 months to complete, ending in December 2019.
Gulmammadov added that the project envisages achievement of the main goals, among which are the development of human resources management and the functional capabilities of the Chamber with the aim of increasing the usefulness and effectiveness of staff; increasing the capabilities of the Chamber in financial audit as well as submission of audit reports in accordance with international standards and national legislation.
Among the main goals is also increasing the capabilities of the Chamber in improving contacts with parliament and press.