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The delegation of the Chamber of Auditors of the Azerbaijan Republic attended an international conference on “The forum of strategic direction of professional development” and “The adoption and application of the International Standards in the former Soviet Republics of Europe and Central Asia” with the support of IFAC, IAASB and IASB

2013-05-22

The delegation of the Chamber of Auditors of the Azerbaijan Republic attended an international conference on “The forum of strategic direction of professional development” and “The adoption and application of the International Standards in the former Soviet Republics of Europe and Central Asia” with the support of IFAC, IAASB and IASB









The delegation of  the Chamber  of Auditors of the Azerbaijan Republic attended an International Conference organized under the supervision of International Federation of Accountants (IFAC),  International Auditing and Assurance Standards Board (IAASB) and  International Accounting Standards Board (IASB) on  “The forum of strategic direction of professional development” and “The adoption and application of the International Standards in the former Soviet Republics of Europe and Central Asia”
 



On May 14-16, 2013  the International Conference was held  in London on The Forum Of Strategic Direction Of Professional Development” and “The Adoption And Application of the International Standards in the former Soviet Republics of Europe and Central Asia”.

In this prestigious event our country was represented by the Chairman of the Chamber of Auditors of the Azerbaijan Republic, Doctor of Economic Sciences, professor Vahid Novruzov  and by the  Head of Apparatus of the Chamber of Auditors Gasham Bayramov

On the first day of the event the vice-president of Institute of Chartered Accountants in England and Wales  (ICAEW) Martin Johns by opening “The forum of strategic direction of  professional development” greeted the event participants  and emphasized the importance of forum. 

The demonstrated presentations and reports were received by the event participants with great interest and caused to great attention.

On the next day of the event at a conference held on “The adoption and application of the International Standards in the former Soviet Republics of Europe and Central Asia” Chairman of International Auditing and Assurance Standards Board (IAASB)  John Grant made a detailed report on the “Executed  International Auditing Standards: opportunities and challenges”.

Then different reports on different topics were heard such as the “Development of international auditing and assurance standards” by Deputy Chairman of International Auditing and Assurance Standards Board (IAASB) Dan Montgomery, “Entering a new era” by Deputy Chairman of The International Accounting Standards Board (IASB) Ian Makintosh  “Entering a new era”, “Innovation in IASB:The main projects” by the Member of the Board of  International Accounting Standards Board,  Coordinator on CIS and The Baltic States Vei-Go Zang, “Implementation of  IASB initiatives” by the  head of education initiative of International Financial Reporting Standards Foundation (IFRS) Michael Wales, discussions and  exchange of experience were conducted around the urgent topics in the direction  of  application of International finance and auditing standards, increase the transparency of financial statements, development and improvement of audit, strengthening audit quality control.

On the last-third day of the international conference  at the meeting held among the former Soviet Republics  within the framework of national interests Chairman of the Chamber of Auditors of  the Azerbaijan Republic Mr. Vahid Novruzov and the Head of Apparatus of the Chamber of Azerbaijan Republic Gasham Bayramov gave wide  information to the guests about  new innovations adopted International Auditing Standards in our country, current problems and their solution ways, the works provided and implemented in the Action Plan of IFAC, verification the quality of audits conducted by the auditor organizations and independent auditors at the meeting where the representatives of the International Federation of Accountants attended too.

Mutual understanding was  achieved on all issues by conducting a wide range of discussions around the speeches and the future directions of cooperation were determined. 



 
 
 

 









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