EY Azerbaijan’s Managing Partner Ilgar Veliyev has taken half in
the in the worldwide discussion board on sustainable improvement.
International convention “SUSTAINABLE DEVELOPMENT.
ACCOUNTABILITY. TRANSPARENCY” has been organized collectively by the
Chamber of Accounts of the Republic of Azerbaijan and the Chamber
of Auditors. The organizing committee mentioned the convention is being
held in commemoration of the one hundredth anniversary of the nation’s
nationwide chief Heydar Aliyev.
The convention members included main authorities companies,
in addition to high-ranking representatives of the Ministry of Economy
and the Central Bank. Renowned worldwide organizations, reminiscent of
the European Federation of Accountants and Auditors (EFAA) and the
Association of Chartered Certified Accountants (ACCA) additionally took
half in the discussion board.
Speaking on the convention the Managing Partner at EY Azerbaijan
Ilgar Veliyev mentioned: “Sustainability is everyone’s enterprise. In
immediately’s advanced and difficult world, we the auditors and
consultants, are dedicated to serving to companies to create worth
for sustainability in addition to serving to sustainability to create
worth for enterprise. We at EY consider that organizations should
reframe how they strategy sustainability and put it on the heart
of how worth is created”.
The discussion board’s members have acknowledged that finance leaders,
together with CFOs, monetary controllers and treasurers, are dealing with
rising demand from stakeholders to offer trusted and
more and more clear monetary and nonfinancial reporting to
talk their group’s progress in opposition to strategic
priorities and the creation of long-term, sustainable worth.
“Organizations and finance leaders ought to perceive and
proceed to reply to evolving monetary reporting normal and
regulatory adjustments which are launched by the International
Accounting Standards Board (IASB), Financial Accounting Standards
Board (FASB), in addition to different native normal setting authorities.
Businesses needs to be fast in assessing the affect of those adjustments
throughout their organizations and on their efficiency, in addition to the
direct affect it may have on the finance perform and entry to
capital”, added Ilgar Veliyev.
EY groups have a legacy of over 20 years in offering
sustainability, and setting, social and governance (ESG)
companies. Utilizing their deep technical expertise throughout a breadth of
enterprise points, EY consultants will help defend and create worth for
all stakeholders and construct a greater working world. EY calls this