CHARTER

APPROVED
by the Law of the Azerbaijan Republic
No. 269-IIQ dated 5th March 2002


INTERNAL REGULATION
of the Chamber of Accounts of the Azerbaijan Republic

Part I. General Provisions

Article 1. The Basis of the Activity of the Chamber of Accounts of the Azerbaijan Republic

 

1.1 The Internal Regulation of the Chamber of Accounts (hereinafter referred to as “The Charter”) defines the basis to organize and regulate the activity of the Chamber of Accounts of the Azerbaijan Republic.

1.2 The Chamber of Accounts implements its activity on the basis of the Constitution of the Azerbaijan Republic, the Law of the Azerbaijan Republic “On Chamber of Accounts”, this Charter and other legal normative acts.

1.3 The audit, which realize finance and budgetary control of the State, spent by the Chamber of Accounts of the Republic of Azerbaijan, is the supreme audit.

1.4. The Chamber of Accounts of the Azerbaijan Republic has its own independent balance, the stamp with the national emblem and its name on it, the relevant stamps and forms, also the relevant accounts at the treasury bodies.

1.5 The costs of the Chamber of Accounts of the Azerbaijan Republic are stipulated by a separate line in the state budget.

1.6 To conduct a search at the building of the Chamber of Accounts without the permission of the Milli Mejlis (Parliament) of the Azerbaijan Republic is prohibited.


Article 2. The Issues determined by the Charter

2.0 This Charter determines the following issues: 
2.0.1 The organization and regulation of the work of the Chamber of Accounts;
2.0.2 The rights and duties of the members and staff of the Chamber of Accounts;
2.0.3 The execution of the State financial and budgetary supervision;
2.0.4 The rules concerning the audit connected with the State financial and budgetary supervision, the development and submission of the audit opinions and reports; 
2.0.5 The formalization of the results of the Chamber of Accounts activities.

Part II. Operation of Work of the Chamber of Accounts

Article 3. Development of the Work Plans of the Chamber of Accounts

3.1 According to the Article 14 of the Law of the Azerbaijan Republic “On Chamber of Accounts” the Chamber of Accounts implements its activities based on yearly and current work plans. 

3.2 In the preparation of the annual work plan of the Chamber of Accounts, questions and suggestions from the President of the Azerbaijan Republic, the Milli Mejlis (Parliament) of the Azerbaijan Republic and its committees are considered.

3.3 The quarterly breakdown of the activities stipulated in the annual work plan of the Chamber of Accounts is defined and clarified in its current work plans.

3.4 Drafts of the yearly and current work plans are reviewed and adopted at the meetings of the Board of the Chamber of Accounts following their presentation by the Chairman of the Chamber of Accounts.

3.5 To conduct the financial and budgetary expertise in addition to the work plans of the Chamber of Accounts without the assignment of the President of the Azerbaijan Republic, or the Milli Mejlis of the Azerbaijan Republic is prohibited.

3.6 The arrangements on the execution of the work plans of the Chamber of Accounts are defined by this Charter and other legal normative acts. 


Article 4. The Normative and Methodological Documents of the Chamber of Accounts

4.1 The normative and methodological documents of the Chamber of Accounts define the following:
4.1.1 working rules of the meetings of the Board of the Chamber of Accounts;
4.1.2 business rules of the Chamber of Accounts;
4.1.3 regulations of applications, petitions, suggestions, tasks and surveys to the Chamber of Accounts;
4.1.4 regulations for the preparation, execution of the financial and budgetary expertise actions and formalization of their rules;
4.1.5 regulations for attraction of representatives of the Government’s bodies, audit organizations, independent auditors, experts and different specialists and consultants to carry out the functions of the Chamber of Accounts;
4.1.6 regulations for preparation and approval of references, proposals, information and reports issued by the Chamber of Accounts;
4.1.7 regulations for preparation and dissemination of information to the general public;
4.1.8 regulations of clerical work in the Chamber of Accounts;
4.1.9 other regulations connected with the operations of the Chamber of Accounts.
4.2 The Chamber of Accounts prepares the methodological instructions, audit standards, reporting forms and other necessary documents in accordance with the International Standards of Audit (ISA) as promulgated by the International Organization of the Supreme Audit Institutions (INTOSAI).

4.3 The normative and methodological documents of the Chamber of Accounts are entered into force since their approval in the meeting of the Board of the Chamber of Accounts. 

4.4 Mechanisms for the resolution of the current operational issues, which are not regulated by the normative and methodological documents of the Chamber of Accounts, are defined by an order and directives of the Chairman of the Chamber of Accounts.

Part III. Composition and Structure of the Chamber of Accounts

Article 5. Chairman of the Chamber of Accounts

5.1 The Chairman of the Chamber of Accounts provides for the overall conduct of the Chamber of Accounts, organizes its work in accordance with the relevant legislation and this Charter and represent the Chamber of Accounts in Government bodies of the Azerbaijan Republic and abroad. 

5.2 The Chairman of the Chamber of Accounts:

5.2.1 calls and chairs meetings of the Board of the Chamber of Accounts;
5.2.2 assign duties to the Deputy Chairman and the Auditors of the Chamber of Accounts and organizes their work;
5.2.3 provides for the general management of the Staff of the Chamber of Accounts;
5.2.4 within the cost estimates of the State budget approves the organizational structure and staffing plan of the Chamber of Accounts;
5.2.5 issues directives, orders, tasks and instructions for the Chamber of Accounts;
5.2.6 hires and dismiss the officials of the Staff of the Chamber of Accounts and solves issues relating to the staff development;
5.2.7 solves issues relating to the encouragement and disciplinary punishments of the official of the Staff of the Chamber of Accounts;
5.2.8 signs the economic, labor and other agreements on the behalf of the Chamber of Accounts;
5.2.9 presents the appropriate reports, opinions, references and proposals of the Chamber of Accounts to the Milli Mejlis of the Azerbaijan Republic;
5.2.10 twice a year (during the spring session - not later than April 15 and the autumn session - not later than October 15) presents to the Milli Mejlis of the Azerbaijan Republic a report on the activities of the Chamber of Accounts;
5.2.11 ensure the coordination of the activities of the Chamber of Accounts with other Government bodies;
5.2.12 carries out other tasks defined in the Law of the Azerbaijan Republic “On Chamber of Accounts” and in this Charter. 
5.3 The Chairman of the Chamber of Accounts has a right to participate the session of the Milli Mejlis of the Azerbaijan Republic.


Article 6. Deputy Chairman of the Chamber of Accounts

6.1 The Deputy Chairman of the Chamber of Accounts carries out operational control on the preparation of current correspondence, the results of examination, expert’s opinion including the audit reports, the definition of the internal regulatory and methodological framework for the activities of the Chamber of Accounts. The Deputy Chairman is in charge of the predisposition of the work plans, references and reports on executed tasks and submits it to the Chairman of the Chamber of Accounts.

6.2 The Deputy Chairman of the Chamber of Accounts deputizes for the Chairman of the Chamber of Accounts.

6.3 Based on delegation of Authority by the Chairman of the Chamber of Accounts, the Deputy Chairman represents the Chamber of Accounts in Government Bodies and abroad, disseminates information to general public. The Deputy Chairman of the Chamber of Accounts has a right to participate to the sessions of the Milli Mejlis of the Azerbaijan Republic and its committees.


Article 7. Auditors of the Chamber of Accounts

7.1 The Auditors of the Chamber of Accounts are guided by the directions of their activities based upon the job descriptions and bear the overall responsibilities for all results of their actions within their authority.

7.2 The Auditors prepare the drafts of the annual and current work plans based upon their job description and present it to the consideration of the Chairman of Accounts.

7.3 The Auditors shall implement their activities on the basis of work plans ap-proved at the meeting of the Board of the Chamber of Accounts. Auditors shall prepare the drafts of normative, legal and methodological documents in line with the directions of their activities, and provide the findings on their analysis. Auditors must formalize their findings in the following formats: auditor’s opinion, analytical notes and comments, proposed revisions to the draft and existing laws, reports, etc. The said documents are presented to the Chairman of the Chamber of Accounts.

7.4 Auditors must sign the final documents on the verifications, audits and examinations and are fully responsible for the said.

7.5 Auditors submit to the Chairman of the Chamber of Accounts the relevant performance reports on activities including to their work plans.

7.6 Based on delegation of Authority of the Chairman of the Chamber of Accounts the Auditors represent the Chamber of Accounts in Government Bodies and abroad.

7.7 Auditors of the Chamber of Accounts has a right to participate in the sessions of the Milli Mejlis of the Azerbaijan Republic and its permanent commissions.


Article 8. Meetings of the Chamber of Accounts

8.1 The meetings of the Chamber of Accounts are authorized to make decisions if more than half of members there of are present. Decisions of the Chamber of Accounts are taken by a simple majority vote of those who are participating in their meetings. To the event votes are equally distributed, the vote of the Chairman of the Chamber of Accounts shall finalize the decision. 

8.2 In the course of meetings of the Board of the Chamber of Accounts the following issues are reviewed and the relative decisions are made:

8.2.1 Approval of reports, opinions and proposals of the Chamber of Accounts;
8.2.2 Approval of references and information of the Chamber of Accounts submitted to the Milli Mejlis of the Azerbaijan Republic;
8.2.3 Approval of internal normative and methodological documents of the Chamber of Accounts;
8.2.4 Approval of reporting forms of the Chamber of Accounts;
8.2.5 Approval of the work plans, decisions on the execution of the out planned activities of the Chamber of Accounts;
8.2.6 Approval of the Auditor’s proposals on work plans of the Chamber of Accounts;
8.2.7 Approval of the verification programs on the audit and financial and budgetary examinations of the Chamber of Accounts;
8.2.8 Approval of findings of the verification programs on the audit and financial and budgetary examinations of the Chamber of Accounts;
8.2.9 Approval of information on the results of the Chamber of Accounts activities disseminated to the general public;
8.2.10 Engagement of representatives of government authorities, as well the contractual engagement of the audit organizations, independent auditors and experts to supplement the Chamber of Accounts’ audit capacity;
8.2.11 Issue of instructions and assignments to the members of the Chamber of Accounts, disciplinary punishments of them;
8.2.12 Review of other issues as presented by the Chamber of Accounts.

8.3 Decisions of meetings of the Board of the Chamber of Accounts are minuted in the protocol. Accepted decisions in the meetings of the Board are signed by the Chairman of the Chamber of Accounts. 

8.4 The Chairman of the Chamber of Accounts invites to participate in the course of meetings of the Board of the Chamber of Accounts the authorized representatives and leaders of government authorities or local self-government bodies, entities and organizations, as well the staff of the Chamber of Accounts with the excep-tion of members of the Board of the Chamber of Accounts.

8.5 Only the Members of the Board of the Chamber of Accounts are allowed to participate in the voting of issues discussed in the meetings of the Board of the Chamber of Accounts of the Republic of Azerbaijan. 


Article 9. Staff of the Chamber of Accounts

9.1 Staff of the Chamber of Accounts is formed for the purpose to implement the basic functions, rights and duties and provide its activity, the relevant normative and methodological documentations of the Chamber of Accounts regulate the rules on the organizational structure, organization and implementation of the activity of the Staff of the Chamber of Accounts.

9.2 In performing their duties, the members of the staff of the Chamber of Accounts shall comply with the provisions of the Labor Legislation, Laws of Azerbaijan Republic “On Public Service” and “On Chamber of Accounts”, this Charter, other legal acts.


Article 10. Responsibilities of the Members of the Chamber of Accounts

10.1 Members of the Chamber of Accounts are responsible in accordance with the Article 18 of the Law of Azerbaijan Republic “On Chamber of Accounts”.

10.2 Members of the Chamber of Accounts are imposed to the disciplinary responsibility in the following case:

10.2.1 The failure in the implementation of duties stipulated in the Law of Azerbaijan Republic “On Chamber of Accounts”;
10.2.2 The interference in the decisions making and proceeding of the meetings of the Board of the Chamber of Accounts;
10.2.3 Conduct themselves in conflict with being a member of the Chamber of Accounts.
10.2.4 The failure with following the requirements determined in 5.1 article of the law of the Republic of Azerbaijan “On fighting against corruption” or making the legal violations indicated in 9 article of that Law (if they make administrative or criminal responsibility).

10.3 In event, when the members of the Chamber of Accounts are imposed to the responsibility for the evidence stipulated in the paragraph of 10.2 article of this Charter, the following disciplinary sanctions can be imposed to them:

10.3.1 Warning;
10.3.2 Rebuke. 

10.4 The Chairman of the Chamber of Accounts imposes the disciplinary sanctions stipulated in the paragraph 10.3 article of this Charter.

Article 11. The Code of Ethics for the Members and Officials of the Chamber of Accounts

11.1 The Chamber of Accounts adopts the Ethics and Behavioral Policy. The members and officials of the Chamber of Accounts are obliged to comply with the provisions thereof.

11.2 The Ethical Committee established by the Chairman of the Chamber of Ac-counts supervises practical compliance of the members and officials of the Chamber of Accounts with the ethics and behavioral policy.


Part IV. Audit Procedures Connected with Financial and Budgetary Expertise of the Chamber of Accounts

Article 12. Main Directions of the Audit Procedures of the Chamber of Accounts Connected with State Financial and Budgetary Expertise

12.1 The main directions of Audit Proceedings of the Chamber of Accounts connected with the financial and budgetary expertise as defined by the Law of Azerbaijan Republic “on Chamber of Accounts” include the following:

12.1.1 Participation in the process within the relative legislation;
12.1.2 Management of the State Property, the supervision over the issue of orders on it and transfer of means from privatization to the State Budget;
12.1.3 Advisory tasks;
12.1.4 Provision of audit opinions on the drafts of budgets of the State Budgetary Funds and extra-budgetary State Funds (institutions);
12.1.5 Provision of audit opinions on the yearly report of the budget execution and suggestions for the relative draft Laws;
12.1.6 Based on delegation of Authority of the Milli Mejlis of Azerbaijan Republic and its committees of the financial expertise on the drafts of Laws related to the State Budgetary Funds and the State extra-budgetary Funds (institutions) and international agreements to which Azerbaijan Republic is Party ratified by the Milli Mejlis;
12.1.7 Execution of Audit connected with the financial and budgetary expertise.

12.2 The Chamber of Accounts implements the audits connected with the financial and budgetary expertise based on the national standards developed in the conformity with the standards of International Organization of Supreme Audit Institutions (INTOSAI).

12.3 The rules concerning the proceeding of the audit connected with the financial and budgetary expertise, preparation and submission of audit opinions and reports are given in the Part V of this Charter.

Article 13. Participation of the Chamber of Accounts in the Budget Process

In accordance with the relative legislation the Chamber of Accounts participates in the course of the budget process to provide the audit opinions on the drafts of the financial projects of the State Budgetary Funds and the State extra Budgetary Funds and supervise over the usage of means of the State Budgetary Funds and the State extra Budgetary Funds (institution).

Article 14. Control on the Management of the State Property, Issue of the Order on It and Transfer of Means from Its Privatization to the State Budget

The Chamber of Accounts implements the control on the management of the State Property, issue of the order on it and transfer of means from its privatization to the State Budget. 

Article 15. The Expertise and Analytical Activity of the Chamber of Accounts

15.1 The Chamber of Accounts implements the expertise and analytical activity connected with the State financial and budgetary supervision, which includes the preparation of the audit opinions, references, information and proposals on the drafts of projects financed from the State budget and the State extra-budgetary funds (institutions), the yearly reports concerning the execution of the State budget and legislation reviews, correctness and appropriateness of the budget expenditure, the movement of the State budget funds to the treasury account, the compliance of the budget indicators and analysis of the information obtained from the relative banks and credit organizations regarding the cash flows of the State budget and the State extra-budgetary funds (institutions).

15.2 The results of the Chamber of Accounts expertise and analytical activities are reviewed at the meetings of the Board of the Chamber of Accounts in order to approve the relative audit opinions, references, information and suggestions. 

15.3 The Chamber of Accounts approves the reporting forms of the Government bodies and legal entities concerning the issues under its jurisdiction.

Article 16. The Audit Opinion Prepared by the Chamber of Accounts on the Drafts of Projects of the State Budget and State Extra-budgetary Funds (Institutions) 

16.1 The Chamber of Accounts puts forward the references and proposals to the Milli Mejlis of the Azerbaijan Republic concerning the received draft law on the next fiscal year budget. The Chairman of the Milli Mejlis of the Azerbaijan Republic defines the date for giving the said opinion.

16.2 The audit opinion of the Chamber of Accounts is reviewed and approved at the meeting of the Board of the Chamber of Accounts before presenting to the Milli Mejlis of the Azerbaijan Republic.

16.3 The regulations for the preparation of the audit opinion on the draft of the State budget also cover the regulations for the audit opinion on the drafts of projects of the State extra-budgetary funds (institutions) presented by the Chamber of Accounts to the approval of the Milli Mejlis of the Azerbaijan Republic.


Article 17. The Audit Opinion Prepared by the Chamber of Accounts on the Yearly Report for the Execution of the State Budget and Relative Draft Laws

17.1 The Chamber of Accounts puts forward the references and proposals to the Milli Mejlis of the Azerbaijan Republic concerning the received yearly report for the execution of the State budget and relative draft laws. The Chairman of the Milli Mejlis of the Azerbaijan Republic defines the date for giving the said opinion.
17.2 The audit opinion prepared in accordance with the paragraph 17.1 of this Charter is presented to the Chairman of the Milli Mejlis of the Azerbaijan Repub-lic. The Chairman of the Milli Mejlis of the Azerbaijan Republic submits the audit opinion of the Chamber of Accounts to the discussions of the committees of the Milli Mejlis. The Chairman of the Chamber of Accounts, its Deputy and Members have a right to participate to the sessions of relative committees and share their views on discussing issues.

Article 18. Proceeding of the Financial Expertise by the Chamber of Accounts on the Draft Laws Related to the State Budget and the State extra-budgetary Funds (Institutions), the International Agreements Approved by the Milli Mejlis, to which Azerbaijan is a Party Based on Delegation of Authority of the Milli Mejlis of the Azerbaijan Republic

18.1 The Milli Mejlis of the Azerbaijan Republic and its committees can assign the Chamber of Accounts to perform the financial expertise on the draft laws related to the State budget and the State extra-budgetary funds (institutions), the draft international agreements approved by the Milli Mejlis, to which Azerbaijan is a party. The date of giving the audit opinion defines in this assignment. Pursuant to the paragraph 18.1 of this Charter, the Chairman of the Milli Mejlis of the Azerbaijan Republic presents the said documents to the Chamber of Accounts and defines the date of giving the relative audit opinion.

18.2 After the review and adoption of the audit opinion of the Chamber of Accounts on the said documents during its meeting, these documents are presented to the Milli Mejlis of the Azerbaijan Republic or its relative committee. 

Article 19. The Activity Connected With the Financial and Budgetary Expertise as a Part of Functions and Mandates of the Chamber of Accounts

19.1 The Chamber of Accounts implements the initial and post inspections related to the financial and budgetary supervision as a part of its major functions and mandates in accordance with the Article 2 of the Law of the Azerbaijan Republic “On Chamber of Accounts”.

19.2 The initial inspection is performed for the purpose to prevent in advance any condition and reason promoting to the legal infragement connected with the transactions of the State funds during the review of draft laws on the financial issues, the State budget, the State extra-budgetary funds (institutions). The post inspection is to ensure the correctness, appropriateness and effectiveness of using the State means in the State extra-budgetary funds, in the course of the execution of the State budget and management of the State property within the conformity of dates and rules stipulated in the legislation.

19.3 The meeting of the Board of the Chamber of Accounts makes discussions to include the initial and post inspections of financial and budgetary supervision to its work plans. 

19.4 The dates of the initial and post inspections of the financial and budgetary supervision es, as well the duration of their analysis are defined on the basis of the approved work plans of the Chamber of Accounts, and executed under the relative directives of the Chairman of the Chamber of Accounts. 

19.5 The results of the initial and post inspections activities are formalized with the relative documents, such as the acts, references, reports and information. The said documents are signed by the representative of the Chamber of Accounts, who actually implemented the said activities. The acts prepared on the results of the audits are submitted to the management of the audited State bodies who are required to sign the act, this signed copy of the act is given to them. If the management refuse to sign the act, indicate its response to the audit findings, which must be included in the audit report prepared by the representative of the Chamber of Accounts. 

19.6 The auditor prepares the audit opinion based upon the acts (references) and reports on the initial and post inspections related to the financial and budgetary supervision and analysis, attach other documents supporting the audit results and submits to the Chairman of the Chamber of Accounts. The Chairman of the Chamber of Accounts fix the date of the meeting of the Board of the Chamber of Accounts to issue the decisions on their effectiveness. In reviewing the results of the inspection the management of the audited State bodies is invited to the meeting of the Board of the Chamber of Accounts.

19.7 The Chamber of Accounts provides the information to the Milli Mejlis of the Azerbaijan Republic concerning the orders issued on the initial and post inspection results.

Article 20. Implementation of the Right of the Chamber of Accounts to Receive Information

20.1 In accordance with the articles 2 and 15 of the Law of the Azerbaijan Republic “On Chamber of Accounts” the Chamber of Accounts has a right to receive the information, references, reports and documents concerning its State financial and budgetary supervision from the Government’s bodies, the National Bank of the Azerbaijan Republic, relative banks and other credit organizations and all legal entities. The authorized persons of the above mentioned bodies should provide to the members of the Chamber of Accounts the information needed for its questionnaires. 

20.2 Executive officers of the above mentioned bodies and the legal entities shall be held liable under the legislation of the Azerbaijan Republic for failure to submit the information and documents requested by the Chamber of Accounts on time or non-submission thereof, as well as accidental or deliberate submission of false, inaccurate or incorrect information.


Part V. Audit Procedures Connected with the Financial and Budgetary Expertise, Rules on Preparation and Submission of Report

Article 21. Organization of Inspections in Connection with the Financial and Budgetary Expertise

21.1 According to the Law of the Azerbaijan Republic “On Chamber of Accounts” the Chamber of Accounts performs the financial and budgetary expertise, prepares its opinions and submits proposals.

21.2 The inspections of the Chamber of Accounts connected with the financial and budgetary expertise are conducted only on the basis of the approved relative inspection programs. The inspection programs are prepared by the Auditors and submitted to the meeting of the Board of the Chamber of Accounts, which ap-proves them.

21.3 The Chamber of Accounts carries out the financial and budgetary expertise on the revenue and expenditure of the State budget and the State Extra-budgetary funds (institutions) based on the relative financial and accounting documents, as well the information from the various sources .

21.4 In analyzing the revenue and expenditure of the State budget and the State extra-budgetary funds (institutions) if the questionnaire of the financial and budgetary expertise finds the evidence for the infragement of the financial and budgetary expertise and other violations, the Chamber of Accounts can audit (or implement the control measures) in the entities, organizations and local self governing bodies. 

21.5 In case as stipulated in the paragraph 21.4 of this Charter, the Chairman of the Chamber of Accounts puts forward the question on the arrangement of the inspec-tion in the meeting of the Board of the Chamber of Accounts and issues the relative order. The decision on conducting control activity is documented with the Order of the Chairman of the Chamber of Accounts. The full name of control activity, conducting reasons, periods, name of auditee is shown, the composition of audit team is determined in the Order of the Chairman of the Chamber of Accounts. Certificate signed by the Chairman of the Chamber of Accounts is given to the members of the audit team for confirmation of their mandates. 

21.6 The following should be included to the inspection programs:

21.6.1 rationale for the inspection;
21.6.2 coverage and scope of the inspection;
21.6.3 list of the inspected legal entities;
21.6.4 composition of the inspection teams;
21.6.5 start and completion dates of the inspection;
21.6.6 duration covered by the inspection;
21.6.7 expected date of the presentation of the inspection report to the meeting of the Board of the Chamber of Accounts.

21.7 A single inspection program is prepared if there is a need to involve two or more specialized auditors. The inspection programs, as well the modifications and additions to the inspection programs are approved as stipulated in the paragraph 21.2 of this Charter. 

21.8 On the basis of the mutual agreements with the representatives of he State executive powers, the Chamber of Accounts can attract independent auditors and hire independent auditors and various specialists on a contractual basis in connection with the financial and budgetary expertise.

Article 22. Execution of Inspections Connected with the Financial and Budgetary Expertise

22.1 Within the official duties of the Chamber of Accounts stipulated in the Law of the Azerbaijan Republic “On Chamber of Accounts”, the initial accounting docu-ments, balance statements and financial reports of the inspected objects are revised during the execution of inspections connected with the financial and budgetary ex-pertise. 

22.2 The written notification, which is signed by the Chairman of the Chamber of Accounts or its Deputy, announcing the financial and budgetary expertise is sent to the inspected legal entities. The written notification of the Chamber of Accounts shall specify the rationale and timing of the inspection. 

22.3 The head of the inspected legal entities are to provide all requested documents and create normal working conditions for the representatives of the Chamber of Accounts.

22.4 According to the Law of the Azerbaijan Republic “On Chamber of Accounts, the officials of the Chamber of Accounts cannot interfere with the operational activities of the legal entities and cannot release information on the results of the inspections before the inspection report is approved.

Article 23. Formalization and Reporting on the Results of Inspections in Connection with the Financial and Budgetary Expertise

23.1 Acts, reports and opinions are prepared to formalize the results of inspections related to the financial and budgetary expertise.

23.2 The opinions on the results of inspections connected with the financial and budgetary expertise must specify the following:

23.2.1 rationale, purpose, subject of inspections and name of the inspected legal entity (entities);
23.2.2 list of revised documents;
23.2.3 list of prepared acts;
23.2.4 list of documents requested and refused to present;
23.2.5 case of failure of the financial and budgetary legislation discovered 
in the activity of the inspected legal entity;
23.2.6 the responsible persons failed the relative legislation.

23.3 The opinion on the results of inspections related to the financial and budgetary expertise is signed by the auditor(s) participating thereof for the presentation to the Chairman of the Chamber of Accounts.

23.4 The auditor of the Chamber of Accounts prepares the report on findings of inspections connected with the financial and budgetary expertise. This report reflects the rationale and purpose of the inspection, name of inspected bodies and its ob-jects, the list of reconciled and revised documents, the list of the requested and non-received reports on found failures, misconduct observed in the internal audit, on the subject of inspection, insufficiencies defined in the legal regulation of the subject of inspection, proposals to improve the legislation in the said field, list of recommendations on the results of inspection, acquaintance with the acts prepared on the results of audit for the responsible persons of inspected object, their response to the audit findings and the auditor’s view on thereof. Documents supporting the audit results and conclusions are to be attached to the audit report. The report on the results of the audit is signed by the auditor(s) of the Chamber of Accounts, who conduct(s) the inspection and submitted to the Chairman of the Chamber of Accounts not late than 5 (five) days since the date of its signature.

23.5 In case of necessity, for the purpose to eliminate the deviations discovered as a result of inspection, the Chamber of Accounts will send the recommendations and directive ness to the leaders of inspected entities and relative State bodies in order to suspend the effectiveness of decisions, which are in conflict with the legislation, compensate the losses of the State, impose the criminal responsibilities of the responsible persons.

23.6 Upon presenting the final reference and report on the audit results, the meeting of the Board of the Chamber of Accounts reviews and approves there of within 10 (ten) work days.

Article 24. Decisions of the Chamber of Accounts on Inspection Results Connected with the Financial and Budgetary Expertise

24.1 The Chairman of the Chamber of Accounts presents the documents (acts, report and other related documents) on the results of the inspections connected with the financial and budgetary expertise to the approval of the meeting of the Board of the Chamber of Accounts. 

24.2 One of the following decisions can be made in the meeting of the Board of the Chamber of Accounts after considering the inspection report:

24.2.1 on approval of the inspection report;
24.2.2 on non-approval of the inspection report.

24.3 The Chairman of the Chamber of Accounts signs the relative decision on the inspection report considered in its meeting.

24.4 During the review of the report in the Board of the Chamber of Accounts, the representatives of the auditees’ are invited to the Board of the Chamber of Accounts.

24.5 The inspection is not approved in the meeting of the Board of the Chamber of Accounts under the following circumstances:
24.5.1 discordance of the inspection with its stated purpose;
24.5.2 incomplete execution of the tasks;
24.5.3 when the submitted report does not concide with the working papers (acts and other documents) of the inspection;
24.5.4 when the submitted report and the documents to be approved does not meet the requirements of the Internal Regulation of the Chamber of Accounts, legislation of the Azerbaijan Republic and relative audit standards.

24.6 In case the inspection report is not approved in the meeting of the Board of the Chamber of Accounts, the responsible persons for the said inspections are assigned to undertake the additional measures addressing the irregularities.
24.7 Upon the approval of the inspection report in the meeting of the Board of the Chamber of Accounts, the actions stipulated in the paragraph 24.4 of this Charter will be performed.

24.8 After the approval of the inspection report, the results of the inspections, audits and of the financial evaluation programs are submitted to the President of Azerbaijan Republic, the Milli Mejlis of Azerbaijan Republic and its committee, body conducting administrative control over the activity of municipality as stipu-lated in the paragraph 1 and the paragraph 4 of the Article 16 of the Law of the Azerbaijan Republic “On Chamber of Accounts”.

24.9 The results of the inspections are delivered to the management of the relative inspected legal entities. 

Part VI. Final Provisions

Article 25. Transparency in the activities of the Chamber of Accounts

25.1 The Chamber of Accounts provides on the regular basis the information on its activity to the mass media.

25.2 The following will be taken into consideration in the course of the information dissemination: 

25.2.1 the information can be presented to the media only after submission of appropriate information on the results of the audit to the Milli Mejlis of Azerbaijan Republic;
25.2.2 contents and form of the official information on the results of the audits and other activities are defined by the meeting of the Board of the Chamber of Accounts; 
25.2.3 the information is passed to the media on the basis of the decision of by the Chairman of Chamber of Accounts, or by delegation, by the Deputy Chairman, auditors, or by the staff of the Chamber of Accounts;
25.2.4 the information is submitted to the general public in accordance with the requirements of the relevant legislation of the Azerbaijan Republic on the protection of secrets of the State and law security.

25.3 The annual reports on the activity of the Chamber of Accounts are submitted to the Milli Mejlis of Azerbaijan Republic and are published in “the Bulletin of the Milli Mejlis of Azerbaijan Republic”.



Article 26. Enforcement of the Charter of the Chamber of Accounts

The management of the Chamber of Accounts is responsible for the concrete application and enforcement of this Charter.