Wide-range Board meeting of the Chamber of Accounts was held.
Add date: 2018-09-13

Wide-range Board meeting of the Chamber of Accounts was held on September 13, 2018. In the meeting new Law of the Republic of Azerbaijan «On the Chamber of Accounts», activities, rights, responsibilities of the Chamber of Accounts stipulated in the Law and future issues regarding  their implementation were mainly focused on.

In the meeting the chairman of the Chamber of Accounts Mr. V. Gulmammadov gave information on new law and stated that, this Law identifies important responsibilities and commitments ahead of the Chamber of Accounts as Supreme Audit Institution to ensure more qualitative and effective external state financial control over  purposeful and efficient use of state funds and property. Later it was stated that adoption of the law showed that country leadership focuses on efficient use of state funds and increasing transparency in this area via strengthening financial control. It was mentioned that, the status of Chamber of Accounts as Supreme Audit Institution was for the first time defined in the new law , concepts of external state financial control, state fund, external state financial control events and external state financial control bodies, and it will serve elimination of some methodological uncertainties and inconsistencies regarding public finance. Providing separate article regarding the independence of the Chamber of Accounts as Supreme Audit Institution in the new law, as well as Chamber of Accounts having organizational and functional independence and inadmissibility of illegal interference into its activities, also being authorised to confirm the structure and number of its staff within the budget allocated to it from the state budget fully meet the principles identified in ISSAI 1 (the Lima Declaration of Founding Principles of Audit) and ISSAI 10 (Mexico Declaration on SAI Independence). It was mentioned that, in comparison with [previous law, in the new law activity direction of the Chamber of Accounts was concretely identified and rights and responsibilities on these directions were comprehensively and fully defined, so  it ensures improvement of quality of  external state financial control conducted by the Chamber and efficient use of state funds and other state property.

 

At the same time, it was stated that new law stimulates accountability enhancement with expansion of electronic integration system between Chamber of Accounts and state bodies, ensurance of cycle information Exchange, distant audit conduct, organization and start of digitalization of financial budgetary control.

 

Other speakers at the board meeting gave detailed information on the role and importance of new law, its influence on future activity of the Chamber, works to be done for successful implementation of future responsibilities.

 

In the meeting information on composition and organization of the Chamber of Accounts, responsibility for violation of law, issues identified in the law on activities of the Chamber were given and the Board set tasks on the following issues:

- taking into account definition of new audit types in the new law, also in order to provide transparency and accountability , as well as to extend the activity of the Chamber of Accounts in its participation in budget process   improvement of work of the Chamber of Accounts on rendering opinion to state budget and extra budgetary state funds projects, execution of state budget and extra budgetary state funds budget, relevant draft laws, and reports  and updating relevant regulatory acts, and development of new regulatory documents;

 

- taking into account definition of important authorities as access to information systems during external state financial control, application of information Technologies in audits, assessment of information systems, data collection on information systems, preparation of technical assignments for improvement of the Chamber  activity on IT in these fields and obtaining new software;

 

- regarding the implementation of new law development of suggestions on modifications to be done in existing regulatory acts

 

The meeting of the Board discussed the reports of following control activities on:  

 

- Audit of use and forecasting of funds allocated from the state budget to Azerbaijan State News Agency (AZƏRTAC);

 

-Audit of use of funds allocated from state budget and other sources to Public TV and Radio Broadcasting Company

 

The Board discussed and approved its decision on each audit. To provide the execution of those decisions it was decided to send pronouncements to relevant state bodies and information on audit results to Milli Majlis of the Republic of Azerbaijan.

 

At the end of wide range board meeting colleagues of the Chamber of Accounts Firish Shakaraliyev, Zafar Rzayev, Intiqam Hajiyev, Yashar Azizov and Sanan Aghakishiyev were presented medals they were awarded by the Order of the President of the Republic of Azerbaijan for effective activity in the civil service.