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Companies With Annual Turnover Exceeding AMD 1 Billion Subject To Ob

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  • 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
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