In accordance with the approved Schedule, in order to ensure the implementation of Clause 10.3.4 of the Chamber of Auditors’ 2026 Work Plan (“Conducting master classes based on audits performed by leading auditors”), a master class on “Auditor Ethics and Professional Conduct” was held online on 3 July 2026.
Gasham Bayramov, Adviser to the Chairman of the Chamber of Auditors on Scientific and Methodological Affairs, acted as the moderator, while Jafar Hasanov, auditor of "ACTIVE CONSULTING CN" LLC, and independent auditor Nazim Akhundov delivered presentations as speakers.
During the event, it was emphasized that the auditing profession is built on public trust, and that compliance with professional ethics standards is of great importance for improving the quality of audit activities and safeguarding the reputation of the auditing profession. In addition, detailed information was provided on the application of the “International Code of Ethics for Professional Accountants (including International Independence Standards)” adopted by the International Federation of Accountants (IFAC), measures undertaken by the Chamber of Auditors to improve the ethical regulatory framework, the application of ethical conduct rules, and the work carried out in this area.
During the presentations, the fundamental principles of professional ethics, international requirements concerning auditor independence, objectivity, integrity, confidentiality, professional competence, and the prevention of conflicts of interest were explained. Practical approaches to identifying and managing ethical risks were also presented to the participants.
The master class continued in an interactive discussion format, during which the questions raised by the participants were answered.
A total of 90 members of the Chamber of Auditors participated in the event.
The materials presented are available below:
1. Information about the master class
2. Auditor Ethics and Professional Conduct – Presentation 1
3. Auditor Ethics and Professional Conduct – Presentation 2
4. Personal Qualities of Auditors
