AZERBAIJANI CHAMBER OF AUDITORS BECOMES IFAC MEMBER
At its meeting on November 13 in Rome, the Board of the International Federation of Accountants (IFAC) has decided to take in Azerbaijan Chamber of Auditors as IFAC full-fledged member.
Chamber`s becoming the IFAC member will help raise financial transparency, boost fight against corruption and apply international accounting and auditing standards in Azerbaijan.
During the Rome trip, chief of the Chamber Vahid Novruzov met with representatives of some countries to provide information about the economic reforms, accomplishments achieved to ensure financial transparency. He reached an agreement with Romania`s Chamber of Auditors to sign a protocol of intent on bilateral cooperation in Baku.
Azerbaijan Chamber of Auditors had been IFAC associated member since 2003. While it takes 13 years to become a full-fledged member, Azerbaijan managed to do it in five years thanks to President Ilham Aliyev-led reforms and Azerbaijan`s increasing international prestige.
