OREANDA-NEWS. February 22, 2008. Application of international standards for financial statements in the period of transition to the modern world economy is a very important step for the Azerbaijan economy, reported the press-centre of IBA.

For this reason, a training program consisting of 3 phases for local companies were conducted in Azerbaijan in 2007 within CIPA (Certified International Professional Accounting) Program. These courses have been attended by more than 50 financiers engaged in the financial sector.

Only 6 of them have successfully passed all exams and were awarded the name of Certified Accountant-Expert (CAP), and they were solemnly presented certificates on 30 January 2008. A gratifying moment here is that Mansurov Ulvi Eldar oglu, head of the Financial Audit and Monitoring division of the Internal Audit Department of the International Bank of Azerbaijan is among these 6 persons.

This once more shows that the International Bank of Azerbaijan has been consistently applying the world practice in the modern economy and attaching great importance to the participation of its employees in such training courses.