Azerbaijan : Country Financial Accountability Assessment
In the area of the country's financial accountability framework, Azerbaijan has already received and continues to receive a considerable amount of analysis, advice, and assistance, particularly in the areas of public financial management from...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/09/2696208/azerbaijan-country-financial-accountability-assessment http://hdl.handle.net/10986/14338 |
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okr-10986-14338 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
FINANCIAL ADMINISTRATION POLITICAL ACCOUNTABILITY PUBLIC SECTOR MANAGEMENT PUBLIC ENTERPRISES BUDGET EXECUTION RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT PROCUREMENT ALLOCATION OF RESOURCES BUDGET MONITORING BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING AUDITING INTERNATIONAL STANDARDS CORRUPT PRACTICES BANKING REFORMS CORPORATE GOVERNANCE ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING FRAMEWORK ACCOUNTING STANDARDS ADMINISTRATIVE EXPENDITURE ADMINISTRATIVE SYSTEM AUDITING AUDITING STANDARDS AUDITORS AUDITS BANK ACCOUNTS BANKING SECTOR BOOKKEEPING BORROWING BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGET SYSTEMS BUDGETARY FUNDS BUDGETARY ORGANIZATIONS BUDGETING CASH MANAGEMENT CENTRAL GOVERNMENT CENTRALIZATION CONSTITUTION CORPORATE GOVERNANCE CORRUPTION DEBT DEBT SERVICE DECREE DEPRECIATION DISTRICTS ECONOMIC GROWTH ECONOMIC REFORM EMPLOYMENT ENACTMENT ENFORCEMENT OF REGULATIONS EXECUTION EXECUTIVE POWER EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL DISCIPLINE FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SYSTEMS FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT AGENCIES GOVERNMENT'S BUDGET HOUSING INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LAWS LEGAL ENTITIES LEGISLATION LEGISLATIVE FRAMEWORK LICENSES LOCAL GOVERNMENT LOCAL GOVERNMENT INSTITUTIONS MACROECONOMIC STABILITY MINISTERS MINISTRY OF FINANCE MUNICIPALITIES NATIONAL GOVERNMENTS PRIVATE SECTOR PRIVATIZATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES PUBLIC UTILITIES REFERENDUM REPORTING SYSTEMS REPRESENTATIVES SEPARATION OF POWERS SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATE AGENCIES STATE BUDGET STATE PROCUREMENT STATE SUBSIDIES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT TAX TAX RATES TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TREASURY UTILITIES WAGES |
| spellingShingle |
FINANCIAL ADMINISTRATION POLITICAL ACCOUNTABILITY PUBLIC SECTOR MANAGEMENT PUBLIC ENTERPRISES BUDGET EXECUTION RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT PROCUREMENT ALLOCATION OF RESOURCES BUDGET MONITORING BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING AUDITING INTERNATIONAL STANDARDS CORRUPT PRACTICES BANKING REFORMS CORPORATE GOVERNANCE ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING FRAMEWORK ACCOUNTING STANDARDS ADMINISTRATIVE EXPENDITURE ADMINISTRATIVE SYSTEM AUDITING AUDITING STANDARDS AUDITORS AUDITS BANK ACCOUNTS BANKING SECTOR BOOKKEEPING BORROWING BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGET SYSTEMS BUDGETARY FUNDS BUDGETARY ORGANIZATIONS BUDGETING CASH MANAGEMENT CENTRAL GOVERNMENT CENTRALIZATION CONSTITUTION CORPORATE GOVERNANCE CORRUPTION DEBT DEBT SERVICE DECREE DEPRECIATION DISTRICTS ECONOMIC GROWTH ECONOMIC REFORM EMPLOYMENT ENACTMENT ENFORCEMENT OF REGULATIONS EXECUTION EXECUTIVE POWER EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL DISCIPLINE FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SYSTEMS FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT AGENCIES GOVERNMENT'S BUDGET HOUSING INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LAWS LEGAL ENTITIES LEGISLATION LEGISLATIVE FRAMEWORK LICENSES LOCAL GOVERNMENT LOCAL GOVERNMENT INSTITUTIONS MACROECONOMIC STABILITY MINISTERS MINISTRY OF FINANCE MUNICIPALITIES NATIONAL GOVERNMENTS PRIVATE SECTOR PRIVATIZATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES PUBLIC UTILITIES REFERENDUM REPORTING SYSTEMS REPRESENTATIVES SEPARATION OF POWERS SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATE AGENCIES STATE BUDGET STATE PROCUREMENT STATE SUBSIDIES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT TAX TAX RATES TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TREASURY UTILITIES WAGES World Bank Azerbaijan : Country Financial Accountability Assessment |
| geographic_facet |
Europe and Central Asia Azerbaijan Azerbaijan |
| description |
In the area of the country's
financial accountability framework, Azerbaijan has already
received and continues to receive a considerable amount of
analysis, advice, and assistance, particularly in the areas
of public financial management from the International
Monetary Fund, the World Bank, USAID, and lately, the
European Union.. This CFAA summarizes the analysis performed
to-date as well as any associated advice and development
assistance and also identifies areas hitherto un-addressed
and provides a framework to address issues arising. This
report comprises a matrix summarizing ongoing financial
management initiatives and CFAA recommendations. In respect
of private sector enterprise accounting, the CFAA recommends
re-establishing the Council of Accountants with
responsibility for preparing and determining accounting
standards; developing a plan to harmonize the various
sources of accounting guidance; relying more on
auditor's conclusions to determine compliance with
relevant accounting standards; and developing training and
capacity building programs. Regarding private sector
enterprise auditing, the CFAA recommends having the Civil
Code define the entities required to have an audit;
amending the laws on auditing; and adopting international
standards on auditing. To strengthen the banking sector, the
CFAA recommends coordination to develop banking accounting
standards; and setting professional qualifications for
auditors. To reinforce financial accountability aspects of
the country's corporate governance framework, the laws
should clarify the roles and resources available to an
entity's financial auditing commission. The report also
recommends establishing an oversight group and reviewing
audit firms to confirm their acceptability. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Azerbaijan : Country Financial Accountability Assessment |
| title_short |
Azerbaijan : Country Financial Accountability Assessment |
| title_full |
Azerbaijan : Country Financial Accountability Assessment |
| title_fullStr |
Azerbaijan : Country Financial Accountability Assessment |
| title_full_unstemmed |
Azerbaijan : Country Financial Accountability Assessment |
| title_sort |
azerbaijan : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/09/2696208/azerbaijan-country-financial-accountability-assessment http://hdl.handle.net/10986/14338 |
| _version_ |
1764428229590908928 |
| spelling |
okr-10986-143382021-04-23T14:03:17Z Azerbaijan : Country Financial Accountability Assessment World Bank FINANCIAL ADMINISTRATION POLITICAL ACCOUNTABILITY PUBLIC SECTOR MANAGEMENT PUBLIC ENTERPRISES BUDGET EXECUTION RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT PROCUREMENT ALLOCATION OF RESOURCES BUDGET MONITORING BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING AUDITING INTERNATIONAL STANDARDS CORRUPT PRACTICES BANKING REFORMS CORPORATE GOVERNANCE ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING FRAMEWORK ACCOUNTING STANDARDS ADMINISTRATIVE EXPENDITURE ADMINISTRATIVE SYSTEM AUDITING AUDITING STANDARDS AUDITORS AUDITS BANK ACCOUNTS BANKING SECTOR BOOKKEEPING BORROWING BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET FORMULATION BUDGET PROCESS BUDGET SYSTEMS BUDGETARY FUNDS BUDGETARY ORGANIZATIONS BUDGETING CASH MANAGEMENT CENTRAL GOVERNMENT CENTRALIZATION CONSTITUTION CORPORATE GOVERNANCE CORRUPTION DEBT DEBT SERVICE DECREE DEPRECIATION DISTRICTS ECONOMIC GROWTH ECONOMIC REFORM EMPLOYMENT ENACTMENT ENFORCEMENT OF REGULATIONS EXECUTION EXECUTIVE POWER EXPENDITURE FINANCIAL ACCOUNTABILITY FINANCIAL DISCIPLINE FINANCIAL INFORMATION FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SYSTEMS FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL YEAR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT AGENCIES GOVERNMENT'S BUDGET HOUSING INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDITING INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LAWS LEGAL ENTITIES LEGISLATION LEGISLATIVE FRAMEWORK LICENSES LOCAL GOVERNMENT LOCAL GOVERNMENT INSTITUTIONS MACROECONOMIC STABILITY MINISTERS MINISTRY OF FINANCE MUNICIPALITIES NATIONAL GOVERNMENTS PRIVATE SECTOR PRIVATIZATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES PUBLIC UTILITIES REFERENDUM REPORTING SYSTEMS REPRESENTATIVES SEPARATION OF POWERS SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATE AGENCIES STATE BUDGET STATE PROCUREMENT STATE SUBSIDIES STATE-OWNED ENTERPRISES STRUCTURAL ADJUSTMENT TAX TAX RATES TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT TREASURY UTILITIES WAGES In the area of the country's financial accountability framework, Azerbaijan has already received and continues to receive a considerable amount of analysis, advice, and assistance, particularly in the areas of public financial management from the International Monetary Fund, the World Bank, USAID, and lately, the European Union.. This CFAA summarizes the analysis performed to-date as well as any associated advice and development assistance and also identifies areas hitherto un-addressed and provides a framework to address issues arising. This report comprises a matrix summarizing ongoing financial management initiatives and CFAA recommendations. In respect of private sector enterprise accounting, the CFAA recommends re-establishing the Council of Accountants with responsibility for preparing and determining accounting standards; developing a plan to harmonize the various sources of accounting guidance; relying more on auditor's conclusions to determine compliance with relevant accounting standards; and developing training and capacity building programs. Regarding private sector enterprise auditing, the CFAA recommends having the Civil Code define the entities required to have an audit; amending the laws on auditing; and adopting international standards on auditing. To strengthen the banking sector, the CFAA recommends coordination to develop banking accounting standards; and setting professional qualifications for auditors. To reinforce financial accountability aspects of the country's corporate governance framework, the laws should clarify the roles and resources available to an entity's financial auditing commission. The report also recommends establishing an oversight group and reviewing audit firms to confirm their acceptability. 2013-07-01T22:11:56Z 2013-07-01T22:11:56Z 2003-09-30 http://documents.worldbank.org/curated/en/2003/09/2696208/azerbaijan-country-financial-accountability-assessment http://hdl.handle.net/10986/14338 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Europe and Central Asia Azerbaijan Azerbaijan |