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Audit of International Bank of Azerbaijan to Cost 28.7% More Expensive
In the tender of OJSC International Bank of Azerbaijan (IBA) for the audit of the consolidated financial statements of the bank, including its four subsidiaries in the first half and for the entire 2015, Deloitte & Touche has won. The information was released not by the parties themselves, but by the state regulatory body.
According to the State Procurement Agency, the contract between the parties amounts to 395 thousand manats. The date of conclusion of the contract has not been reported.
Financial audit of the IBA for 2014 was also implemented by Deloitte & Touche. Then the parties agreed on the cost of services at 306.8 thousand manats.
The bank, contrary to the requirements of the legislation, has not announced its financial statements for the first half of 2015. --08D
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Economics
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