October 2021

Azerbaijan, Autonomous Republic of Nakhchivan, from 14 to 18 October 2021, hosted the VII Eurasian Forum of Accountants and Auditors, organized by the Association of Professional Financial Managers APFM ICFM / ICB UK Azerbaijan, with the assistance and participation of the Ministry of Finance of Nakhchivan Autonomous Republic.

Official and general partners of the Forum in Azerbaijan: SOCAR, Audit Chamber of Azerbaijan, Azerbaijan Airlines, Ministry of Finance and the Cabinet of Ministers of the Nakhichevan Autonomous Republic, with the support of the President of the Republic of Azerbaijan Ilham Aliyev.

Official partner of ICFM UK Ukraine & ICB Global.
The forum was attended by representatives of influential European and world organizations, representatives from Asian countries.
8 official delegates from Ukraine were represented.

Before the opening of the Conference, the participants of the Forum laid flowers in front of the monument to the national leader of Azerbaijan Heydar Aliyev in Nakhichevan and expressed their respect.
Later, the forum participants visited the Heydar Aliyev Museum. The exhibits, which reflect the life and activity of the leader Heydar Aliyev in the museum fund, aroused great interest among the guests of the event.

The anthem of Azerbaijan was played for the first time at the forum, which was attended by professionals and representatives of delegates from countries and local organizations.

The Minister of Finance of the Nakhchivan Autonomous Republic Rafael Aliyev opened the Forum with a speech on the opening and congratulations and said that important measures are being taken in the Autonomous Republic in the field of audit, management, implementation of IFRS and accounting. Measures to improve financial, budgetary, tax, accounting and auditing activities are carried out by state organizations, legal entities and individuals.

It is noted that training courses, seminars, conferences and other necessary measures for the implementation of financial reporting, international accounting standards and documentation rules are being held today. The Center for Financial Education under the Ministry of Finance of the Nakhchivan Autonomous Republic works to improve the training of employees in the field of financial and accounting in the Autonomous Republic.

Vice President of the International Union of Economists, member of the Advisory Board of the Association of Professional Financial Managers of Azerbaijan, MP, Academician Ziyad Samadzadeh said in his speech that the statistics of the last 20 years confirm the dynamic development in all sectors of the economy in Nakhichevan. It is estimated that the autonomous republic gained this advantage under the blockade, at a time when 20 percent of the country was under occupation. Of course, all this was achieved thanks to the success of the political legacy of leader Heydar Aliyev.

Ziyad Samadzadeh stressed that the organization will promote international cooperation between the countries to improve the financial, accounting and auditing system, said that the main goal is to increase the transparency of the world economy, efficiency of financial resources, governance and socio-economic life. professional discussion, analysis of current issues, determination of areas of activity of relevant institutional mechanisms taking into account international experience, implementation of international standards in this field, education and achievement of real international cooperation.

The role of government regulation in improving accounting, accountants and auditors in accordance with the principles of the Forum, world experience on transparency in financial reporting, current challenges: tax and financial accounting, national standards of tax and financial reporting, international accounting standards, were in presentations all speakers who covered other topics.
Then a gala evening was organized for the forum participants at the Duzdag Hotel.
The participants of the Forum addressed Mr. Ilham Aliyev.

From the London office, the President of ICFM & ICB Global Mr. Garry Carter, congratulations
In his speech, the representatives of the delegates of the countries participating in the Forum noted the significant contribution of the ICFM & ICB UK Association of Azerbaijan to the public work of the international network of the ICFM & ICB Global Institute.

🔺 Video. Speech by the President of ICFM & ICB Global, Mr. Garry Carter

At the Gala Reception, Helen Khorikova presented LUCA Awards from London to the best 2 representatives of Azerbaijan: Ziyad Samadzad, Chairman of the Union of Economists, Vice President of the International Union of Economists, Member of the Advisory Board
Association of Professional Financial Managers of Azerbaijan (APFM, ICFM & ICB), member of the Milli Mejlis, academician and Vahid Navruzov, Chairman of the Audit Chamber of the Republic of Azerbaijan.

The distinction and award was presented to the Ministry of Finance of the Autonomous Republic of Nakhichevan, and gifts for the organizers and partners of the Forum.

Helen Khorikova was awarded the “Guest of Honor”.

ARFM ICFM & ICB UK Azerbaijan Association, noted and awarded the best tutors, students, training centers and partners of its organization.
All Ukrainian delegates and other representatives were also presented with gifts.

🔺 Luca video
🔺 Video interview for the media

The participants of the Forum were at the Duzdag Physiotherapy Center as part of the visit, and also took part in the “beekeeping products-fair of honey sales” at the State Enterprise “Nakhichevankala” all participants remained on the historical, cultural and tourist potential of the autonomous republic, and on the Complex of monuments of religion, the Batabat plateau and the recreation center Agbulag.

Speeches and presentations of Ukrainian speakers were concise and interesting for all Forum Participants, about the experience of successful implementation of modern global requirements in the field of IFRS, Investment Projects, Market Financial Capital, an example of a successful TOP enterprise in Ukraine, about International education and the impact of ICFM & ICB Global which operates in 141 countries.

Speakers and speech of four
representatives from Ukraine:

1. Oksana Sakhnatska, Chef Operational Officer of National Commission on Securities and Stock Market of Ukraine , Speaker of the Conference, theme : Promising ways of development of the capital market in Ukraine.

🔺 Presentation

2. Svitlana Khrapova, Deputy Director General of economy & finance PJSC Ukrhydroenergo, Speaker of the Conference, theme : The experience of successful development of the TOP of the Ukrainian enterprise PJSC Ukrhydroenergo “Perspective development projects”.

🔺 Presentation

3. Olena Nusinova chief of the corporate rights division in Smart-Holding Company, Speaker of the Conference, theme : Three steps on the own way to investment attractiveness.

🔺Presentation

4. Helen Khorikova , Coordinator ICFM & ICB UK, Member of the Board of Derectors of ICFM & ICB Global United Kingdom, Director and founder ICFM UK Ukraine , CEO BCP, Moderator 2 Forum panels, Speaker of the Conference, theme : The path to Success is a modern international education. Professional career development. The future belongs to the profession. Business and investment globalization process.

🔺Presentation

As part of the Forum event, a Memorandum of Cooperation was signed between the Institute of Certified Financial Managers UK Ukraine and the Financial Training Center under the Ministry of Finance of the Nakhchivan an Autonomous Republic, Nakhchivan, 17 October 2021

🔺 Memorandum

🔺 Video

Memoranda were also signed with other countries, in particular: Turkey, Moldova, Georgia, Kazakhstan.
Congratulations to all our partners with new cooperation, for the development of the profession and new joint projects for business.

Forum Organizer Association of Professional Financial Managers APFM / ICFM & ICB UK Azerbaijan
Official and general partners of Azerbaijan: SOCAR, Audit Chamber of Azerbaijan, Azerbaijan Airlines, Ministry of Finance and the Cabinet of Ministers of the Nakhichevan Autonomous Republic, with the support of the President of the Republic of Azerbaijan Ilham Aliyev.

Official partners of the Forum:

The Institute of Certified Financial Managers in Ukraine
The Institute of Certified Bookkeepers

We truly thank, from all participants – delegates of the countries, for the high international organizational level of the Forum and the events dedicated to it, for your reception and hospitality, for the care and your attention to each participant of the Forum.

Special thanks to the leadership of the Ministry of Finance of the Autonomous Republic of Nakhchivan, SOCAR, APFM / ICFM & ICB UK Azerbaijan team and all partners of the Forum, all those who participated and contributed to the participation of delegates – countries in the VII Eurasian Forum of Accountants and Auditors .

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