News - APFM

New ICB/ICFM International Certification Program Presented at the Financial Monitoring Service

admin_apfm_az_login — Thu, 19 Feb 2026 17:08:05 +0400

Within the framework of the business visit of the UK-based ICB/ICFM Global organization's representatives to Azerbaijan, a meeting was held at the Financial Monitoring Service of the Republic of Azerbaijan.

The meeting, held to present the new ICB/ICFM "Professional Specialist in Financial Monitoring" program, was attended by Fuad Aliyev, Director of the Cooperation Department of the Financial Monitoring Service of the Republic of Azerbaijan; Ami Copeland, CEO of ICB/ICFM; Ulgen Kiymik, Global Partnerships Manager; Nuriyya Novruzova, Chairwoman of the Association of Professional Financial Managers of Azerbaijan (APFM), the official representative of the organization in Azerbaijan; and Ilkin Ismayilli, Head of the Association's Internal Audit Committee.

The training program aims to enhance the quality of services in the field of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), as well as to increase the professional level of specialists working in this direction. The certification process supports the systematic development of knowledge and skills in this field and their alignment with international standards. During the meeting, the content, international framework, and implementation mechanisms of the new program were presented in detail.

In the next phase, the integration and accreditation of the program with local legislation are planned, and discussions in this direction are set to continue.

Labor Law and Financial Discipline: A Practical Seminar on Employer Obligations Was Held

admin_apfm_az_login — Wed, 18 Feb 2026 12:55:53 +0400

The Association of Professional Financial Managers of Azerbaijan (APFM) organized its next educational seminar aimed at increasing both the financial and legal knowledge of its members. During the event dedicated to the topic "Labor Relations and Financial Discipline: Employer Obligations," extensive discussions were held on issues of critical importance for financial managers and accountants.

The moderator of the seminar was Elvin Novruz, a member of the Bar Association of the Republic of Azerbaijan, Chairman of the "Labor Law Committee," and a well-known lawyer. Throughout the event, the expert brought points where labor legislation intersects with financial discipline to the attention of the participants and provided explanations through practical cases.

Detailed information was presented on the following areas within the intensive program:
Labor relations: Legal aspects and concepts;
Regulation of work and rest periods: Working time regimes and financial aspects of vacation rights;
Remuneration of labor: Labor norms and transparency in salary calculation;
Discipline and Responsibility: Labor and executive discipline, mutual material responsibility of the parties;
Legal violations: Legal and administrative liability applied for the violation of established rules.

One of the most interesting parts of the event was answering the questions that participants encounter in their daily work activities. Elvin Novruz interpreted the rights and duties of both employees and employers within the framework of legislative requirements and explained to financial specialists how to minimize risks.

We express our deep gratitude to Elvin Novruz for the useful information and high-level presentation. Such professional seminars make an important contribution to ensuring legality and transparency in the activities of our members.

Seminar on "Changes to IFRS Effective in 2026"

admin — Mon, 09 Feb 2026 17:59:06 +0400

Seminar on "Changes to IFRS Effective in 2026" Successfully Concluded
The Association of Professional Financial Managers (APFM) continues its series of educational events aimed at the professional development of its members. Our latest seminar focused on the crucial topic of "Changes to IFRS Effective in 2026."

The session was moderated by Tofiq Jabiyev, Audit Manager at EY Azerbaijan. The seminar covered essential updates for the financial community, including:

Key upcoming amendments to International Financial Reporting Standards (IFRS);

Implementation mechanisms and their impact on businesses;

Detailed Q&A session addressing practical application challenges.

We extend our gratitude to Mr. Jabiyev for his valuable insights and to all participants for their active engagement.

Networking Meeting for APFM Corporate Members

admin — Mon, 09 Feb 2026 16:04:35 +0400

The Association of Professional Financial Managers of Azerbaijan (APFM) organized another Networking Breakfast event aimed at strengthening cooperation and encouraging the exchange of experience among the association's corporate members.

Held in an informal and friendly atmosphere, this meeting brought together representatives from various sectors of the economy. The event provided excellent opportunities for establishing and expanding business connections, discussing the latest innovations and current financial trends, and strengthening communication between companies that are part of the large APFM family.

During the breakfast, participants discussed current economic processes and exchanged ideas on the implementation of future joint projects. At APFM, we intend to continue organizing such events on a regular basis to support the professional development of our corporate members and the expansion of their business networks.

"We express our deepest gratitude to all our corporate members who participated in the meeting for the interesting, productive, and sincere discussions. Your success is our common value!"

Networking Meeting for APFM Corporate Members

admin — Mon, 09 Feb 2026 16:04:27 +0400

Networking Meeting for APFM Corporate Members

admin — Mon, 09 Feb 2026 16:02:26 +0400

The 2nd Annual APFM AWARDS Ceremony

admin — Mon, 26 Jan 2026 15:47:06 +0400

The Association of Professional Financial Managers of Azerbaijan (APFM) has implemented its next magnificent project aimed at raising standards in the field of finance and accounting, developing professional experts, and evaluating their achievements. The traditionally held and highly anticipated "APFM AWARDS" ceremony once again brought together the best in the field this year.

APFM AWARDS is more than just an award; it is a symbol of the high professionalism, commitment to ethical principles, and transparency demonstrated by financial professionals. The main objectives of the event are:

To enhance the prestige of the finance and accounting profession;
To motivate outstanding specialists and organizations in the field;
To stimulate the application of international standards in the local market.

Representatives of government agencies, academic circles, international partners, and more than 200 corporate and individual members attended the event.

Nuriyya Novruzova, Chairwoman of the APFM Executive Board, emphasized the significance of the event: "This award is a clear indicator of the responsible activities of professionals working in the financial sector and their contributions to the development of professional standards."

Training seminars for chief accountants in the regions continue

admin — Thu, 04 Dec 2025 15:08:45 +0400

The educational seminars for chief accountants of state-funded organizations, organized by the Financial Science and Training Center (METM) under the Ministry of Finance of the Republic of Azerbaijan and in partnership with the Association of Professional Financial Managers of Azerbaijan (APFM), continue across the regions.

The latest seminars were held in the cities of Tartar, Shamkir, and Ganja, where participants received detailed information about the Professional Accountant Certification Program and its stages.

Within the seminars held to enhance accountants’ professional knowledge and skills and to strengthen institutional cooperation across regions, broad discussions were conducted on modern mechanisms applied in accounting and financial reporting, as well as their practical significance. The presentations highlighted key topics such as ensuring transparency in financial reporting, reinforcing accountability in management, and introducing new approaches in the field of accounting.

At the end of the seminars, participants’ questions were addressed, and they were provided with guidelines, methodological materials, and additional resources to support their professional activities.

A Seminar on Compliance Framework for Accountants

admin — Wed, 09 Jul 2025 16:35:39 +0500

Within the framework of the cooperation memorandum, a new free seminar was held for APFM members on the topic “Compliance Framework for Accountants: From Local Legislation to International Standards.” The event was jointly organized by APFM, KPMG Azerbaijan, and RNN Partners & Co and took place at the Zira Cultural Center – ECO Park.

The seminar featured presentations on compliance obligations under local legislation and alignment with international standards (IFRS), compliance with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) programs, and risk assessment related to AML/CFT. Legal aspects and practical approaches were thoroughly discussed.Additionally, the new ICFM program – “Financial Monitoring Professional Diploma” (DipFMP) – was introduced. APFM members received detailed information about the topics covered in the program, the structure of the training process, and the knowledge and skills to be acquired upon completion.

APFM employees took part in the event "Integration of youth into the world of labor

admin — Wed, 09 Jul 2025 16:35:17 +0500

APFM employees took part in the event "Integration of youth into the world of labor", organized by Techera Academy LLC and the State Employment Agency for the participants of the 3-month trainings "Accounting" and "Software for computer systems and networks" in the Shirvan Youth House. The event was attended by the Chairman of the Board of APFM Nuriya Novruzova, Director of Techera Academy LLC Ramil Ismayilov, Director of the Shirvan Youth House Afgan Hasanov, Director of Business Class Azerbaijan Maleyka Badal, Head of the Training, Development and Recruitment Department of ATS FOOD LLC Namig Mustafayev. They answered the questions of the training participants and provided them with extensive information on topics of interest. At the end, gifts were presented to the students who distinguished themselves in the first assessment test of the training on behalf of APFM and Techera Academy LLC.

We thank the organizers of the event!