Türkiye conducts external audit to assess Azerbaijan’s Central Bank

BAKU, Azerbaijan, May 12. The Audit Department
of the Central Bank of the Republic of Türkiye has conducted an
external assessment of the Central Bank of Azerbaijan (CBA),
Trend reports via the
CBA.

Meanwhile, it was stated that the assessment conducted to
determine whether the Central Bank’s internal audit activities
comply with international standards was carried out using a
methodology consistent with international internal audit
standards.

Furthermore, it was noted that the assessment found the Central
Bank’s internal audit activities to be fully compliant with the
requirements of international internal audit standards. As a final
result, the internal audit function was rated at the highest level,
“Generally Conforms, on a three-point scale.