The Chamber of Auditors of the Republic of Azerbaijan is an Azerbaijani government agency. It is an independent financial control body.
History
The Azerbaijani law “On Auditor Services was signed by President Heydar Aliyev on the 16th of September 1994. In 1995, the National Assembly (Milli Mejlis) of the Republic of Azerbaijan made a decision on regulations about the Chamber. The Chamber of Auditors began operations on the 5th of April 1996. The Chamber of Auditors became a full member of the European Federation of Accountants and Auditors on the 5th of May 2003. In November of the same year, the Chamber was accepted as an associate member of the International Federation of Accountants. The Organisation started a project on “Strengthening the capacity of audit conducting of the Chamber of Auditors of Azerbaijan Republic and preparing specialists” on June 24, 1997, and successfully completed in 1999. The first issue of the journal titled “Economics and Auditing” was published on July 5, 2000. “Economics and Auditing” was presented in National Assembly of Azerbaijan. In 2001 first educational book that prepared for higher schools by Chamber of Auditors of Azerbaijan Republic was published.
Its chairman is Novruzov Vahid Tapdig, the deputy chairman is Isamyilov Fakhraddin Hasan, and the head of the office is Bayramov Gasham Hajali.
Functions
The functions of the Chamber of Auditors include organizing and managing audit service, providing the license to independent auditors and auditor organizations, determine the examine fee, giving advice to independent auditors and auditor organizations, preparing different report forms, as well as preparing proposals for improvement of audit services, monitoring Monitors and controls financial and economic activity of independent auditor, audit organization, independent external auditor and branch or representative of the external audit, etc.
International relations
Chamber of Auditors of the Republic of Azerbaijan is collaborating with relevant state institutions of Russia, Turkey, Ukraine, Kazakhstan, Canada, France, Poland, Georgia, Romania, Uzbekistan and so on. The institution is cooperating with the following foreign bodies;
Board of Auditors of the Russian Federation
The Institute of Internal Auditors of Turkey
Professional Accountants and Auditors of Ukraine
Union of Independent Accountant Financial Advisory and Chambers of Certified Public Accountant and Advisory of Turkey Lithuanian Chamber of Auditors Chamber of Auditors of the Republic of Kazakhstan Latvian Association of Certified Auditors Slovak Chamber of Auditors Certified General Accountants Association of Canada Professional Association of Expert Accountants of France National Association of Auditors of France Samara Territorial Institute of Professional Accountants; Polish National Chamber of Auditors Association of Chartered Certified Accountants China Institute of Internal Auditors Union of Auditors ok Ukraine Chamber of Auditors of Russia Audit Council under the Georgian Parliament Romanian Chamber of Financial Auditors Chamber of Auditors of the Republic of Uzbekistan Hungarian Chamber of Auditors Baltic International Academy Ukrainian Chamber of Auditors Association of Professional Accountants and Auditors of Moldova Institute of Professional Accountants and Auditors of Russia St. Petersburg Chamber of Auditors Moscow Chamber of Auditors Istanbul Chamber of Independent Certified Public Accountants Center of qualification improvement for managers and specialists of the Ministry of Finance of the Republic of Belarus Institute of Certified Auditors of the Republic of Macedonia The Federation of auditors, accountants and financial managers of Georgia Belarusian union of accountants and auditor Estonian Auditors’ Association
