Bank Of Baku

Unaudited enterprises and organizations to be fined in Azerbaijan

Unaudited enterprises and organizations to be fined in Azerbaijan
# 27 April 2011 15:10 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Compulsorily unaudited enterprises and organizations will be applied financial sanctions in Azerbaijan, Chairman of Azerbaijan Chamber of Auditors Vahid Novruzov informed.

According to amendments in Code of Administrative Offences and law on “Audit activity”, compulsorily unaudited enterprises and organizations will be fined. Thus, the sums of fines would be AZN 300-600 for individuals, AZN 1500-2500 for legal entities.

He also noted that, application mechanisms of fines are prepared.
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