BAKU, Azerbaijan, Nov. 30
By Fidan Babayeva - Trend:
The creation of the concept for the development of the audit service in Azerbaijan for 2021-2030 is nearing completion, Advisor to the Chairman of Azerbaijan’s Chamber of Auditors on scientific and methodological issues Najaf Talibov, told Trend.
The first draft of the ‘Concept’ was considered at the meeting of the Council of the Audit Chamber on November 10, 2020.
By the decision of the Council of the Chamber of Auditors, the project is directed for revision, taking into account the corrections and proposals of the chamber members, said Talibov.
“In recent years, Azerbaijan has been especially focusing on the application of international standards in the field of accounting, reporting, and audit, in order to expand transparency in the country's economy,” said the chairman.
“The implementation of a number of important measures in the field of quality control, ethics and transparency, personnel training, international relations, publications, conferences and seminars, information support and internal regulation is most important in connection with the 25th anniversary of the formation of the Chamber of Auditors,” added Talibov.
The Chamber of Auditors of Azerbaijan is an independent financial control body. The Chamber of Auditors of Azerbaijan ended 2019 with a profit of 8,000 manat ($4,705). As of January 1, 2020, the assets of the Chamber of Auditors amounted to 474,000 manat ($278,823), which is 9.7 percent more than a year earlier.
(1 USD = 1.7 manat on Nov. 20)
---
Follow the author on Twitter: @Fidan_Babaeva