Statutory Audit Undergone by 2.7% of Legal Entities Subject to This Procedure

According to the published (http://www.audit.gov.az/uploads/Hesabat_illik_2015.pdf) report of the Chamber of Auditors of Azerbaijan, last year the number of contracts decreased over the year from 3,487 to 3,094 (by 11.3% or by 393 units), while the total orders rose in price from 46.7 million to 49.11 million manat (+ 5.2%).

Thus, of the 64,958 subjects, subject to mandatory audit (61,485 LLC, 1,742 JSC, 1,607 municipalities, 43 banks, 54 political parties, and 27 insurance companies), only 2.7% underwent audit last year, which was 0, 2% lower than a year earlier.   --17D-

 

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