Bank Of Baku

Ernst & Young Company starts to audit NESF’s financial statements

Ernst & Young Company starts to audit NESF’s financial statements
# 11 January 2012 14:04 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. For purpose of improvement of transparency in activity of National Entrepreneurship Support Fund, preparation and presentation of its financial statements under the international standards, Ernst & Young Holdings B.V international audit company has started to audit the financial statements of Fund for 2011, ion the basis of international audit standards.

According to Ministry, during the audit, application of effective and qualitative internal control system, meeting of Fund’s financial statements the international financial standards and correspondence of accounting system with legislation of Azerbaijan and accounting standards will be analyzed.

Note that, audit of NESF’s financial statements are conducted by international audit companies during past 4 years on the basis of international audit standards and the results are published in Azeri and English.
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THE OPERATION IS BEING PERFORMED