ICAP president: There is potential for Azerbaijan-Pakistan cooperation in auditing

There is significant potential for cooperation between Azerbaijan and Pakistan, including between the Institute of Chartered Accountants of Pakistan (ICAP) and the Chamber of Auditors of Azerbaijan, ICAP President Saif Ullah said at the international scientific-practical conference themed "The role, duties and responsibilities of supervisory bodies in the fight against the legalization of criminally acquired property and the financing of terrorism" held in Baku, Report informs.

Saif Ullah said that the purposeful and united activities of professional organizations produce important results:

"ICAP shares this experience worldwide. Our partnership with the Chamber of Auditors of Azerbaijan is a shining example of this spirit of knowledge exchange and shared progress. Dialogues and joint initiatives in the field of electronic compliance and audit quality are an example of this. We are still at the beginning of this cooperation and in the future we can achieve greater successes in the areas of professional development, regulatory reforms, capacity building and economic cooperation."

The ICAP president emphasized that the relevant ministries and agencies of both countries are exploring new opportunities for cooperation, and this conference is one of the important steps in this regard:

"This event demonstrates not only the current state, but also our future direction. We are laying the foundation for relationships that transcend inter-institutional cooperation, based on trust, brotherhood, and shared progress. Let us continue this momentum, learn from each other, and build sustainable, professional, and transformative systems. In this way, we can create long-term value for our institutions, our economies, and most importantly, our people."