The identification and characterization of fractures is an important objective in many areas of earth and environmental sciences. Amplitude variation with offset and azimuth (AVOAz) analysis of seismic reflection data is a key method for achieving these tasks. Theoretical and experimental studies have shown that the presence of pore fluids together with the strong mechanical contrast between the fractures and their embedding background give rise to wave-induced fluid flow (WIFF) effects. This implies that the effective stiffness tensor of a fluid-saturated fractured rock defining its seismic response becomes viscoelastic and frequency-dependent. In spite of this, AVOAz analysis typically relies on end-member-type elastic stiffness models that either assume a relaxed (i.e., equilibrated) or unrelaxed (i.e., unequilibrated) state of the wave-induced fluid pressure in the rock. In general, however, neither the appropriateness of the chosen model nor the associated errors in the inversion process are known. To investigate this topic, we have considered a poroelastic medium containing parallel vertical fractures and generate synthetic seismic AVOAz data using the classic Rüger approximations for PP-wave reflection coefficients in horizontally transversely isotropic media. A Markov chain Monte Carlo method is used to perform a Bayesian inversion of the synthetic seismic AVOAz data. We quantify the influence of WIFF effects on the AVOAz inversion results when elastic relaxed and unrelaxed models are used as forward solvers of inversion schemes to estimate the fracture volume fraction, the elastic moduli, and the porosity of the background rock, as well as the overall weakness of the medium due to the presence of fractures. Our results indicate that, when dealing with single-frequency data, relaxed elastic models provide biased but overall better inversion results than unrelaxed ones, for which some fracture parameters cannot be resolved. Improved inversion performance is achieved when using frequency-dependent data, which illustrates the importance of accounting for poroelastic effects.