Appoint your auditor now, not in February
Appoint your auditor now, not in February
Companies that leave the auditor appointment until the new year start every engagement behind schedule. The auditor cannot plan, cannot attend the inventory count that has already happened and cannot resolve independence questions before fieldwork begins. The result is a compressed audit, more adjustments and a later signature.
A sound appointment process has a few fixed parts. Confirm whether an audit is required for your entity, and whether the requirement comes from the Law on Audit, from your articles, from a lender or from your parent company. Run the tender with enough time for candidates to perform acceptance procedures properly. Check independence early, including any non-audit services your prospective auditor already provides to you or to a related entity. Agree the timetable, the count attendance and the reporting deadline in writing before the engagement letter is signed.
BDO Azerbaijan is a member of the Chamber of Auditors of the Republic of Azerbaijan and part of the international BDO network. Our audit teams work under partner leadership with planning that starts well before the year end. Contact BDO Azerbaijan to discuss your audit appointment for the 2026 financial year.
A sound appointment process has a few fixed parts. Confirm whether an audit is required for your entity, and whether the requirement comes from the Law on Audit, from your articles, from a lender or from your parent company. Run the tender with enough time for candidates to perform acceptance procedures properly. Check independence early, including any non-audit services your prospective auditor already provides to you or to a related entity. Agree the timetable, the count attendance and the reporting deadline in writing before the engagement letter is signed.
BDO Azerbaijan is a member of the Chamber of Auditors of the Republic of Azerbaijan and part of the international BDO network. Our audit teams work under partner leadership with planning that starts well before the year end. Contact BDO Azerbaijan to discuss your audit appointment for the 2026 financial year.