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On January 15-19, 2024, the Audit of financial statements on the execution of the PS IGC TRACECA budget for 2023 approved by the TRACECA member-states took place


The auditing team that carried out control for 2023 financial year consisted of representatives from the Republic of Azerbaijan, Islamic Republic of Iran and Republic of Kazakhstan.

During the audit of financial activities of the PS IGC TRACECA, the audit of financial statements of the Permanent Secretariat of the IGC TRACECA on the execution of the budget for 2023 and the assessment of the level of organisation of accounting were carried out.

Based on the results of the audit, the members of the Auditing Team signed a Report containing an expert opinion, an analytical opinion, results, as well as recommendations both on the expenditure part of the budget and general recommendations, which will be submitted for consideration of the next meeting of the Intergovernmental Commission TRACECA. Positive tendencies and significant improvement of bookkeeping, as well as automation of accounting system in comparison with the previous years were noted.

It should be noted that in accordance with the Agreement on Joint Financing of the Permanent Secretariat of the IGC TRACECA between the Governments of the Parties to the MLA on International Transport for Development of the Europe-Caucasus-Asia Corridor of 21.04.2005, Article 5 of the Rules of Formation and Execution of the PS IGC TRACECA Budget of October 21, 2021 and Final Resolutions of the annual meetings of the IGC TRACECA, at the beginning of each year an audit for controlling the budget execution is carried out.



Permanent Secretaritat of the IGC TRACECA