The Chamber of Accounts prepared supplementary report on the execution of state budget for 2017
“Declaration on Auditing Precepts” being considered the “Constitution” of Supreme Audit Institutions activity and accepted in IX Congress of International Organisation of Supreme Audit Institutions (İNTOSAİ ) held in Lima was accepted as International Standard 1 (ISSAI 1) and the standard contains a comprehensive list of all goals and issues relating to government auditing.
ISSAI 1 outlines that carrying out preliminary audit by Supreme Audit Institution is determined according to legal situation and conditions of each country and subsequent audit is indicated as an absolute duty of each SAI whether preliminary audit was conducted or not.
The Chamber of Accounts of the Republic of Azerbaijan ensures oversight on the execution of state funds by conducting public audit.
This control activity regards various analyses along with audits as well as rendering relevant opinion on state budget execution. The Chamber of Accounts of the Republic of Azerbaijan prepared the supplementary report on state budget execution for 2017 following the execution of instructions by the President of the Republic of Azerbaijan Mr. Ilham Aliyev regarding enhancing financial control, more efficient organization of the Chamber of Accounts.
The preparation of the report on state budget execution for 2017 is based on the Law of the Chamber of Accounts on state budget execution for that year and opinion on relevant report. The report provides more detailed information on the execution of funds allocated from state budget according to administrative classification.
Main aim of the preparation of the report is to provide detailed information in order to be considered in adoption process of draft state budget for next year, to enhance transparency regarding state funds execution and to strengthen accountability. We consider that, preparation of this report will also contribute to the increase of the position of our country in relevant international rankings
Report on the execution of state budget of the Republic of Azerbaijan for 2017