The site of regulations (http://huquqiaktlar.gov.az/StatementDetails.aspx?statementId=33373) published regulations requirements for external auditors of “players” licensed on the securities market of Azerbaijan.
According to the document, it means expanding the regulatory framework, which should be guided by local investment companies. Requirements require full compliance with the provision of the auditor's audit services and the existence of a corresponding length of at least 3 years.
In addition, auditors can be selected not a year, but up to 3 years, and the change can be declared no later than one month before the end of the reporting year. The requirements for external auditors are the same - they must be impartial, not give rise to a conflict of interest, not advertise the companies checked and so on - a total of 16 claims. --17D-
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
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Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
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Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
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