Minimum limits of cost of audit services to be changed

10.08.2022,17:57


August 10, Fineko/abc.az. The Chamber of Auditors held a round table on the minimum thresholds for the cost of audit services in the country, ABC.AZ reports with reference to the Chamber.

Speaking at the meeting, the executive director and head of the working group of the Chamber, Sabuhi Gulmamedov, noted that, taking into account the experience of Turkey, the minimum thresholds of the cost of audit services were revised in order to improve the quality of audit services, take preventive measures against cases that contribute to corruption, prevent unfair competition in the services market and form an objective opinion on the cost of audit services in business entities.

According to the new draft, the introduction of minimum thresholds is mandatory for audit organizations and independent auditors.

It was decided to submit a draft of minimum thresholds for the cost of audit services for discussion at the next meeting of the Council of the Chamber of Auditors.