Ernst & Young and US Chamber of Commerce Help Azerbaijan State Economic University to Ground Students in Accounting and Audit
Ernst & Young Baku Office, US Chamber of Commerce in Azerbaijan, and Azerbaijan State Economic University have cooperated to support a new curriculum at Azerbaijan State Economic University, Trend reports referring to a message spread by Ernst & Young .With the financial support from US Chamber of Commerce, Ernst & Young has organized the Intermediate Accounting course for the fourth year students of the Special Talent Group of the University.
Ernst & Young and Azerbaijan State Economic University signed a memorandum of cooperation on March 28, 2006, which envisions development of advanced accounting curriculum, education of public in accounting and auditing, and recruitment of students to positions of the audit practice of Ernst & Young.
Pursuant to this initiative, as the first milestone, managing partner of Ernst & Young Baku Office Jody Campbell assigned a team to develop a new innovative course on advanced accounting topics for students interested in careers in accounting and finance. The objective of the course is to train students in technically complex accounting concepts, standard-setting process, transition to new global accounting standards and independent audit.
US Chamber of Commerce has kindly supported the initiative and has financed the purchase of books for all students and the instructor. The books were donated to the University officials and students at the presentation on October 9, 2006.
Jody Campbell, now the managing partner of Ernst &Young Central Asia and Caucasus made a presentation on new developments in accounting profession and encouraged students to pursue careers in accounting and auditing. Ambassador Stanley Escudero, Chairman of US Chamber of Commerce discussed the importance of modern and quality education of the youth for the nation-building process in Azerbaijan and presented books to Dean of the Special Talent Group Sevar Mammadova and students.
Shamsaddin Hajiyev, Rector of the University has supported the initiative and expressed his expectations for more such initiatives to train the young generation in skills highly demanded by the market and instructed his staff to develop more programs in cooperation with Ernst&Young.
Ilgar Valiyev, Director of Ernst & Young Baku considers this program as recognition by the Company of its social responsibility. The initiative has been supported by the managing partner of Ernst & Young CIS Karl Johansonn, upon his visit to the Baku office during September 2006. The office sees this program as the first step on the way to implementing large-scale education programs for public in the nearest future.
The need cannon be more emphasized in the time of Azerbaijan`s mandated transition to the International Financial Accounting Standards from 2008. The business, government, and non-profit sector all will need highly qualified accountants, who can carry out the transition successfully. Sharing and spreading knowledge is a belief in the foundation of Ernst & Young..