The first mission of Twinning Project “Strengthening of the Institutional and Administrative Capacity of the Chamber of Accounts” paid visit to the Chamber of Accounts on 8-11 January 2018.
Add date: 2018-01-12

 

The first mission of Twinning Project “Strengthening of the Institutional and Administrative Capacity of the Chamber of Accounts of the Republic of Azerbaijan” paid visit to the Chamber of Accounts on 8-11 January, 2018. The aim of this mission was related to the components of the Project on capacity building to carry out financial, compliance and performance audits as well as to prepare adequate reports.

 

Mr. Vugar Gulmammadov, the Chairman of the Chamber of Accounts of the Republic of Azerbaijan, receiving the experts wished them succession in their activity and highlighted the results expected on both Components. Mr. Vugar Gulmammadov expressed his confidence in best practices and professional skills of the Polish colleagues and assurance that they will provide necessary support for the implementation of above directions.

 

The aim of the mission was to carry out detailed analyse of financial and compliance, also  performance audit methodologies of the Chamber of Accounts in terms of the International Standards of Supreme Audit Institutions (ISSAI) Compliance Assessment Tool (iCAT) and to discuss appropriate issues regarding reporting to the management of the Chamber of Accounts on results and to plan future work.  Experts for both activities held bilateral meetings with Component Leaders and the staff of the departments of the Chamber.     In the meetings, appropriate guidelines and documents on financial, compliance and performance audit of the Chamber of Accounts  were reviewed,   analyse of practices and planning methods of financial, compliance and performance audit of the Chamber of Accounts according to ISSAI Level 3 and 4 and definition of their compliance with ISSAI requirements were discussed.