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The basis of the changes implemented at Azerbaijan State University of Economics (UNEC) is to ensure objectivity and transparency. In this regard, UNEC has taken the next innovation.
Thus, according to the Scientific Council’s decision the audit of the financial statements of Azerbaijan State University of Economics on 2014 has been carried out.
The audit was performed by one of the most influenced companies Ernst & Young.
Ernst & Young conducted the audit of financial statements for 2014 and the audit of the report on the financial results for the year ended on that date, the audit of the statement of changes in net assets and cash flow statement, as well as a summary of significant accounting principles and other explanatory notes and initial financial statements.
Azerbaijan State University of Economics (UNEC) was given a positive opinion on its financial statements for 2014 in accordance with the results of the audit.
According to Ernst & Young’s final opinion, UNEC ‘s financial statements are for the year ended on December 31 2014 are in full compliance with “The National Accounting Standards” in all material respects.