Series of events for financial management staff of budget organizations within the implementation of EU Funded Twinning Project “Strengthening of the Institutional and Administrative Capacity of the Chamber of Accounts of the Republic of Azerbaijan” were held on December 5-6,2018.
The main theme of the Seminars covering the Component of the Project concerning relations of the Chamber of Accounts with main partners as auditees, different committees of the Parliament, media and other stakeholders was “Role, duty and functions of the Chamber of Accounts”.
The Project started in October, 2017 will last for 27 months with the support of experts from the Chamber of Accounts of the Republic of Azerbaijan, as Beneficiary country and Supreme Audit Office of Poland as EU Member State.
The goal of Twinning project is to increase the current capacity of the Chamber to fulfil its mandate and in this way to improve accountability, transparency, control and the reports in the sphere of public finance management in Azerbaijan. This Project will also contribute to strengthening of mutual cooperation between both institutions.
The Project aims to achieve following four results in order to strengthen institutional and administrative potential of the Chamber of Accounts according to external state audit standards defined by INTOSAI on the basis of good experiences accepted by EU.
- Development of Human Resources Management and Administrative capacity of the Chamber of Accounts to maximise the efficiency and effectiveness of its staff;
- Development of the capacity of the Chamber of Accounts to undertake and report on Financial and Compliance audits in compliance with the ISSAIs and domestic legislation;
- Development of the capacity of the Chamber of Accounts to undertake and report on Performance audits in compliance with the ISSAIs and the Azerbaijani legislation and normative acts
- Establishment of effective relations between Chamber of Accounts and better-informed stakeholders including Parliament, auditees and the media concerning the role and work of the Chamber of Accounts.
It should be noted that, relevant events on the mentioned spheres were held so far.
These events included trainings on different audit types, analysis of the legislation regulating the activity of the Chamber of Accounts and its comparison with requests of international standards, Study tours arranged for studying the experience of SAI Poland in real situation etc.
Following events of the Project ending at the end of 2019 will cover conducting pilot financial and performance audits according to international standards and improvement of internal guidance on the basis of the results from these activities.