BAKU, Azerbaijan, April 12
By Fidan Babayeva - Trend:
Some 118 audit companies are operating in Azerbaijan, Chairman of the Chamber of Auditors of Azerbaijan Vahid Novruzov told Trend.
“Around 17 of them have been included in the network of international audit organizations or are members of a professional association,” Novruzov added. "The Chamber issued 22 licenses for audit activity to the local audit organizations in 2020."
"Azerbaijan has recently paid special attention to the application of international standards in the field of accounting, reporting and auditing to increase transparency in the economy,” chairman of the Chamber of Auditors said. “This is obliged upon the instructions of the president of Azerbaijan and the requirements of the adopted national programs in the field of combating corruption and illegal circulation of funds.”
“Transparency and accountability are the foundation for the sustainable and rapidly growing economy,” Novruzov said. “The world practice shows that only transparent economy can be stable, develop rapidly and actively attract foreign investments."
“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 especially important in connection with the 25th anniversary of the formation of the Chamber of Auditors of Azerbaijan,” chairman of the Chamber of Auditors said.
The Chamber of Auditors of Azerbaijan is an independent financial control structure.
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