Starting this year, applying for a license to audit activities will be possible in electronic form.
As the head of the management for training and international relations of the Chamber of Auditors of Azerbaijan Sabuhi Gulmammadov told Turan, the new approach will save time and increase the professional certification of return potential auditors. In addition, reports of existing auditors will also be made in electronic form.
The Chamber this year also intends to familiarize members with the new manual inspections of audit firms and independent auditors. The basis of the innovations will be incorporated modern risk assessment, based on international standards.
"This will create a single registry and information on economic entities subject to statutory audit," added Gulmammadov. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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