WB recommends Azerbaijan's financial reporting to CIS
By Nigar Orujova
The World Bank (WB) has recommended the Azerbaijani experience in financial reporting to Eastern Europe and the CIS countries, Azerbaijan's Finance Ministry reported on January 21.
This was announced at the "Professional Accounting Education Community of practice" workshop organized by the WB Centre for Financial Reporting Reform (CFFR) in Vienna on January 16-17.
Director of the Ministry's Project Implementation Unit Fuad Nasirov and director of the Financial Scientific and Education Center Elman Huseynov have participated at the workshops.
Senior Advisor of the World Bank Center for Financial Reporting Reform Alexander Fawcett and Nasirov made presentation on "Azerbaijan - establishment of new qualifications in accounting: challenges and opportunities".
The experience gained and the advantages of the hybrid qualifications model created within the Corporate and Public Sector Accountability Project were touched in the presentation.
Fawcett recommended applying the experience gained in Azerbaijan in Eastern European and CIS countries.
The bank has supported a number of the project in Azerbaijan and financed over 50 projects worth more than $3 billion after the country joined it in 1992.
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