DIRECTIONS FOR IMPROVING THE INTANGIBLE ASSETS ACCOUNTING ANDAUDIT SYSTEM IN AZERBAIJAN

Improving the intangible assets accounting and audit system in Azerbaijan is of great importance in accordance with the requirements of the modern economy.Although the process of adaptation to International Accounting Standards continues, there are a number of shortcomings in the system.Correct valuation and accounting of intangible assets plays a key role in determining the market value of companies.Therefore, the main attention in improving the system should be focused on harmonizing national legislation with international standards, improving the professional training of accountants and applying modern technologies.