Financial statements of UNEC positive in Ernst & Young audit

Baku, October 13, AZERTAC

Azerbaijan State University of Economics (UNEC) was given a positive opinion on its financial statements for 2014 in accordance with the results of the audit by Ernst & Young.

According to Ernst & Young's final opinion, UNEC 's financial statements are in full compliance with "The National Accounting Standards" in all material respects.

The basis of the changes implemented at Azerbaijan State University of Economics is to ensure objectivity and transparency.

Ernst & Young conducted the audit of financial statements for 2014 and the audit of the report on the financial results for the year ended on that date, the audit of the statement of changes in net assets and cash flow statement, as well as a summary of significant accounting principles and other explanatory notes and initial financial statements.

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