According to the Law of the Azerbaijan Republic No. 882 "On Audit Services” dated on September 16, 1994 signed by the national leader Heydar Aliyev Chamber of Auditors of Azerbaijan Republic was established to organize state regulation of the audit service in the country; to prepare a system of measures, normative acts aimed at the development and improvement of audit service being in this sphere and the Azerbaijan Republic; to defend the interests of government, economic entities and auditors (audit organizations); to control over compliance with requirements arising from this law, other legislation and normative-legal acts by the auditors (auditor organizations) in its activity.
Chamber of Auditors of Azerbaijan Republic is an independent financial control body.The main priciple of Chamber of Auditors is to organize the work of the audit service and to implement measures according to the existing legislation for its development and improvement of the performance regardless of the form of ownership in order to provide accurate and correct financial and accounting records in all economic entities.
On November 14, 2003 - The Chamber of Auditors of Azerbaijan Republic has been accepted as an associate member to International Federation of Accountants (IFAC).April, 2007 – The Camber of Auditors of the Republic of Azerbaijan has been accepted as a member to Eurasian Council of Certified Accountants and Auditors (ECCAA).November 13, 2008 - The Chambers of Auditors of the Republic of Azerbaijan has been accepted as a full member to the International Federation of Accountants in the annual meeting of the Council of International Federation of Accountants (IFAC) held in Rome, Italy.