Extractive Industries Transparency Initiative (EITI) reports are to be collated by Deloitte and Touche's Azerbaijan office following the decision of the Selection Group, which was established in accordance with the Memorandum of Understanding signed between the governmental Committee on EITI, foreign and local extractive indusry companies (oil and gas) and the NGOs Coalition for Increasing Transpareny in Extractive Industries to implement EITI in Azerbaijan. Tender has been announced by the State Oil Fund, which provides logistical assistance to the Selection Group and its activities as per MOU to select the audit firm.

The sealed packages containing proposals from 3 internationally recognized audit companies- Ernst &Young, Deloitte & Touche and PriceWaterHouseCoopers - operating in the Republic of Azerbaijan were opened on December 20 at the meeting of the Selection Group comprising representatives of the MOU signatories to assess the financial and technical proposals of the bidders. Four companies, including Moore Stephens, which didn't submit the bid, were invited to bid. Ernst & Young's bid was ranked second, and PriceWaterHouseCoopers.