ARMENIAN PRIME MINISTER TIGRAN SARGSYAN VISITED TODAY THE ASSOCIATION OF ARMENIA’S ACCOUNTANTS AND AUDITORS TO PARTICIPATE IN HANDING OF QUALIFICATION CERTIFICATES

ARMENPRESS
Oct 14, 2009

YEREVAN, OCTOBER 14, ARMENPRESS: Armenian Prime Minister Tigran
Sargsyan visited today the Association of Armenia’s Accountants and
Auditors, on the occasion of handing qualification certificates to
the graduates of the qualification programs of the association. About
49 accountants and 32 auditors received certificates.

T. Sargsyan pointed out that unfortunately Armenia has serious
issues in accountant and audit sphere, the activity of companies is
not transparent and the public do not trust their fiscal reports and
this circumstance gives a serious blow to the economic system.

"If on behalf of the Association we will have a consolidated
establishment, the state may give the association various functions
which it currently implements itself," T. Sargsyan said.

According to him, since 2010 additional burden will be put on the
audit companies as the law already demands that big enterprises pass
to audit and publish its results and their accountant reports which
means that hundreds of big enterprises will need services of qualified
audit companies.

The chairman of the association Mels Petrosyan on his turn presented
the activity of the association, its main mission and achievements.