Economic Efficiency Measurement and Audit Process Analysis in “Azerbaijan Railways” CJSC
Tanırverdi Amiraslanli
Abstract. Measuring economic efficiency and analyzing audit processes at Azerbaijan Railways CJSC are important components of modern management systems. The railway sector is one of the key pillars of Azerbaijan’s transport infrastructure and plays an essential role in increasing the country’s transit potential and regional economic integration. This article examines economic efficiency evaluation criteria including financial indicators, operational performance, resource utilization, return on investment, and risk management. It also analyzes internal and external audit processes, the application of international audit standards, digital audit technologies, and internal control systems. In the context of modern economic realities, assessing the economic efficiency of enterprises and analyzing auditing mechanisms are crucial for enhancing governance quality. The concept of economic efficiency implies achieving the maximum possible outcome through the utilization of available resources.
The results of the study indicate that digitalization, innovative technologies, and compliance with international audit standards significantly contribute to improving the economic efficiency of Azerbaijan Railways CJSC.
Keywords: economic efficiency, audit, railway, financial indicators, internal control, risk management, IFRS, ISA, digital audit, KPI