JSC TuranBank will be audited by the international auditing company KPMG on the results of 2012.
As reported in the bank, according to the schedule provided by the company with the country, the work of the audit is divided into two phases. Completing the first phase envisages the end of 2012, resulting started the second phase from January 2013-year.
Provision of the full version of the audit report is scheduled for the first quarter of 2013-year. Consolidated audit report will provide results of TuranBank and its subsidiary company TuranLeasing for 2012.
According to the adopted strategy, TuranBank focuses on transparency in financial reporting and to provide them with international standards to shareholders, investors and other users. In this direction TuranBank from 2002 has been working with external international accounting firms of the "big four", as Deloitte & Touche, PricewaterhouseCoopers (PwC) and KPMG. -15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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