BAKU, Azerbaijan, Apr.8
By Fidan Babayeva - Trend:
The Chamber of Auditors of Azerbaijan plans to focus on the development of its activities till the end of 2021, taking into account the factors related to the widespread use of digital technologies, Chairman of the Chamber of Auditors, Vahid Novruzov told Trend.
According to Novruzov, this year, the Chamber of Auditors is also expected to fulfill its obligations in compliance with the ‘Regulations on the Chamber of Auditors of Azerbaijan’.
“By the decision of the Council of the Chamber dated November 26, 2020, the Action Plan for 2021 includes measures to increase transparency in the field of improving the legislative and regulatory framework for auditing in Azerbaijan,” Novruzov said.
According to the chairman, the plan also provides for the adoption of comprehensive measures to strengthen confidence in the audit, increase and ensure uninterrupted functionality of the Unified Electronic Database for Audit, the ‘personal account’ of auditors and other resources that ensure the availability and analysis of information, allowing to take measures to organize and regulate the audit, to counteract unfair competition in this area.
“In recent years, Azerbaijan has mainly focused on the application of international standards in the field of accounting, reporting and auditing to increase transparency in the economy. The Chamber of Auditors annually takes the necessary measures in this regard,” Novruzov said.
The Chamber of Auditors of Azerbaijan is an independent body of financial control.
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