Baku, Azerbaijan, April 19. Azerbaijan is
poised to ratify a novel framework for its “e-accounting”
information architecture, Trend reports.
The move comes as part of amendments to the national
“Accounting” law, which were recently signed into effect by the
President of the Republic of Azerbaijan, Ilham Aliyev.
Under the new decree, the Cabinet of Ministers has been given
four months to finalize the charter for the “e-accounting” system
and report back to the president. This will lay the groundwork for
the digital transformation of accounting practices in Azerbaijan,
particularly in budgetary organizations.
In addition, the Cabinet of Ministers is tasked with outlining a
roadmap for transitioning to electronic accounting in these
organizations within the next three months. These developments
reflect the government’s broader push to streamline public sector
operations and improve efficiency.
The Ministry of Finance will also play a key role in
establishing and managing the “e-accounting” system. It is expected
to ensure the system’s integration with the “Government Cloud”
infrastructure, as well as its inclusion in the State Registry of
Information Resources, Systems, and Electronic Services. The
ministry will also work on ensuring compliance with data protection
regulations by incorporating individual data systems into the state
registry.
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