Joint Seminars, Conferences and Training

International scientific-practical conference “The role of transparency in efficient management of financial resources in post-crisis economies”

The Economic Policy Committee of the Milli Majlis (Parliament) of the Republic of Azerbaijan, the State Oil Fund, the Ministry of Finance, the Ministry of Taxes, the Chamber of Accounts, the Union of Azerbaijani Economists and the Chamber of Auditors jointly organized an international scientific-practical conference on the role of transparency in efficient management of financial resources in post-crisis economies on 16-17 October in Baku.

Delegates from the Chamber of Accounts of Azerbaijan led by its Chairman took an active part in the work of the conference together with representatives from 15 countries and a number of other international organizations. The conference discussed the existing problems in increasing transparency and ways of resolving them.

The Chairman of the Chamber of Accounts, Mr. Heydar Asadov, made a presentation entitled “Transparency and efficiency are priority targets of state financial control” at the conference. In his presentation the Chairman of the Chamber spoke about the successful economic reforms conducted under the guidance of the national leader of the Azerbaijani people, Heydar Aliyev, and their results, targeted and efficient management of state financial resources, the intensive efforts made under the leadership of the President of the Republic of Azerbaijan, Mr. Ilham Aliyev, achievement of sustainability in continuous economic growth and provision of transparency and required financial control in these processes. He told the participants that transparency is one of the key principles in the activity of the Chamber of Accounts.

At the end of his speech, the Chairman said that as a supreme audit institution the Chamber considers transparency and efficiency to be priority areas of its activity in accordance with the requirements of the existing legislative acts and INTOSAI standards and it is necessary to introduce methods and methodologies of transparency in external financial control, which conform to the new circumstances, in order to make sure that money is used in an economical and result-based manner. He also shared his other ideas with the participants in the conference.