26 AUDIT ORGANIZATIONS AND 8 PRIVATE AUDITORS HAD LICENSES IN ARMENIA AS OF 1 JANUARY 2010

Noyan Tapan
Jan 15, 2010

YEREVAN, JANUARY 15, NOYAN TAPAN. The RA Ministry of Finance granted 13
audit licenses in 2009. In the same period 10 licences were revoked,
6 licenses were suspended, decisions on suspension of 7 licenses
were cancelled.

Fines of 1,352,900 drams were imposed on auditors in 2009.

State duty collection from the sector amounted to 7,630,300 drams
in 2009, including 7,303,800 drams paid by audit organizations and
326,500 drams paid by private auditors.

Last year the ministry conducted 8 qualifying examinations for
auditors, as a result of which 29 applicants received an auditor’s
qualification certificate.

The Information and PR Unit of the Ministry of Finance reports that
as of 1 January 2010, there were 26 licensed audit organizations and 8
licensed auditors in Armenia, 115 auditor’s qualification certificates
were valid.