BAKU, Azerbaijan, July 30. The Chamber of Accounts of Azerbaijan has uncovered financial violations amounting to 65 million manat ($38.2 million) during external public financial control (EPFC) activities in the first half of the year, Trend reports via the Chamber.
An estimated 17.8 million manat ($10.4 million) in budgetary damage was identified in completed compliance audits. Additionally, finalized audits revealed distortions in financial reporting totaling 105.1 million manat ($61.8 million), of which 12.6 million manat ($7.4 million) were classified as significant misstatements.
“In seven cases, audit reports and collegium decisions were sent to the audited entities to ensure necessary follow-up measures. In line with the 2025 Work Plan, the results of completed oversight activities were also presented to the Milli Majlis of the Republic of Azerbaijan and the Supreme Majlis of the Nakhchivan Autonomous Republic.
As part of corrective measures, information was sent to the Cabinet of Ministers of the Nakhchivan Autonomous Republic and to the Ministries of Finance of both Azerbaijan and Nakhchivan concerning specific findings.
The Chamber continued to monitor the follow-up actions taken in response to audit results from previous years, and by the time of the report’s preparation, 900,000 manat ($529,412) had been recovered either in cash or through compensatory actions. More than 300 million manat ($176.4 million) in significant distortions identified in the previous year's audits have been addressed through corrective adjustments," the statement said.
