Companies With Annual Turnover Exceeding AMD 1 Billion Subject To Ob

COMPANIES WITH ANNUAL TURNOVER EXCEEDING AMD 1 BILLION SUBJECT TO OBLIGATORY AUDIT

/PanARMENIAN.Net/
22.10.2009 18:13 GMT+04:00

/PanARMENIAN.Net/ The Government of Armenia on 22 October amended the
law "On Financial Report", setting the boundaries for obligatory audit
and publishing the annual accounts of companies with annual turnover
surpassing AMD 1 billion.

As the Minister of Finance Tigran Davtyan said, the changes will help
medium-sized businesses with annual turnover with 500 million AMD in
2009 to overcome the transition period in 2010, and in 2011 they will
subject to the earlier law.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS