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Specialists Prepared By Armenian Association Of Accountants And Audi

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  • Specialists Prepared By Armenian Association Of Accountants And Audi

    SPECIALISTS PREPARED BY ARMENIAN ASSOCIATION OF ACCOUNTANTS AND AUDITORS TO BE IN GREATER DEMAND SOON

    NOYAN TAPAN
    OCTOBER 14, 2009
    YEREVAN

    YEREVAN, OCTOBER 14, NOYAN TAPAN. On the occasion of International Day
    of Standards, RA Prime Minister Tigran Sargsyan visited on October
    14 the RA National Institute of Standards, congratulated the staff
    on their professional holiday, and familiarized himself with the work
    and opportunities of the institute.

    As the press service of the RA government reported, then T. Sargsyan
    went to the accountancy instruction and publication center of the
    Armenian Association of Accountants and Auditors where he handed
    qualification certificates to the graduates of the accountancy courses
    run by the Association.

    Addressing himself to the graduates, the prime minister said that
    serious problems still exist in accountancy and audit. According to
    him, the activities of some economic entities are not transparent and
    people do not trust the financial reports submitted by these entities,
    which is a severe blow to the economic system. He stated that the
    Association's development will help increase the trust of society,
    reduce unnecessary expenses and eliminate various mediatory links.

    In his words, the specialists, including auditors, who were trained by
    the Association, will soon be in greater demand in the labor market
    because starting from 2010, the audit companies will carry an extra
    burden: under the law, the activities of big enterprises shall be
    examined by independent audit companies and the results of these
    checks and the financial reports be published.

    The prime minister said that some audit companies set their seals
    to the reports without conducting any checks, in violation of the
    accounting rules, and such companies should be removed from the
    market. T. Sargsyan requested the management of the Association to pay
    special attention to the issue of training highly qualified auditors
    so that in 2010 they will assume their duties of conducting audits
    at large enterprises.
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