OREANDA-NEWS. August 20, 2007. State Oil Fund held a competitive bidding procedure aimed at selection of an audit company for auditing its financial statements for 2007-2009. Leading international audit companies represented in Azerbaijan were invited to participate in the bidding, which was organized in compliance with the national procurement laws, reported the press-centre of Oil Fund.

After the evaluation of the proposals presented by the bidding audit companies, pursuant to the Statutory Regulations of the State Oil Fund, Deloitte&Touches LLP was appointed as the auditor of the Fund's financial statements for 2007-2009 by the President of the Republic of Azerbaijan.