Armenian CB Revises Terms Of Contest For Selection Of An Internation

ARMENIAN CB REVISES TERMS OF CONTEST FOR SELECTION OF AN INTERNATIONAL AUDITORY COMPANY FOR AUDIT OF ITS FINANCIAL REPORT FOR 2007

ArmInfo
2007-09-11 11:24:00

Armenian Central Bank revises the terms of its open contest for
selection of an international auditory company for audit of its
financial reports for 2007. Armenian Central Bank press-service told
ArmInfo that the deadline for applications is September 20 2007 at
5:00 instead of September 7 as it was reported earlier. The bids
will be considered starting from September 24 at 5:00 pm instead
of September 10 as it was envisaged before. The final session for
summary of the contest results is scheduled for September 28 at 5:00
pm instead of September 17 as it was envisaged before. The bids are
submitted to the Central Bank.

The source reports that contest participants must meet the contest
requirements. The bids may imply up to three years of cooperation. If
a bid provides for more than one year of cooperation, the financial
conditions must be presented in details.

To recap, Grant Thornton Amyot (GTA) audited the financial report of
the Armenian CB for 2004 and 2005, KPMG-Armenia audited the report
for 2006.