M. Abdullayev provided information on the systemic transformations implemented in the Chamber of Accounts over the past two years. It was emphasized that, following relevant Presidential decrees, the Chamber of Accounts has been transformed into a professional public audit institution and has shifted from traditional financial inspections to audits based on international standards.

It was noted that cooperation with international financial institutions (IMF, World Bank, Asian Development Bank) is steadily developing.

In particular, based on advanced international practices, financial, performance, and compliance audits, as well as strategic audit and IT standards principles, have been developed and their methodology has been established.

In the public sector, the practice of auditing projects of major international financial institutions based on international standards (IPSAS and ISA) has been introduced.

The meeting also focused on digitalization processes. The activities of the Remote Control Center and the “Remote Audit” information system were presented, including risk-based analysis and the implementation of artificial intelligence technologies.

Additionally, the expansion of international cooperation was highlighted, including experience exchange with leading international organizations and supreme audit institutions, as well as the organization of joint events and training programs.

During the meeting, the IMF delegation highly appreciated the reforms, modern audit mechanisms, and digitalization efforts of the Chamber of Accounts.

In particular, audits of state-owned enterprises with more than 50 percent state share and public-private partnership projects generated significant interest from the IMF delegation.

At the conclusion of the meeting, the parties agreed to continue consistent cooperation in improving public financial control, implementing international standards, and strengthening institutional capacity.