Armenian government suggests toughening requirements towards audit companies
Yerevan/Mediamax/. Armenian government approved today amendments and changes to the law on “Audit activity”.
As Finance Minister Tigran Davtyan stated at the session today, the changes provide for toughening the requirements for audit companies. According to him, after the changes are approved, only companies, and not private individuals, will be able to carry out audit activity.
Besides, requirements towards the number of employees in audit companies are being toughened as well: the minimum level now makes 2 employees.
Minister of Finance stated that one of the compulsory requirements towards audit companies will be the presence of a website, where full-scale information on the company’s activity will be placed.
Armenian Prime Minister Tigran Sargsian described the suggested changes as urgent in the view of compulsory audit of big companies’ activity, which was introduced since 2009.
“These changes are one of the lessons of the financial-economic crisis. About 500 companies should present results of audit checks, and we had to reconsider our requirements directly to audit companies as well”, Tigran Davtyan noted.