19/01/2009 14:01
Auditors are fined
In 2008 Ministry of Finance provided 3 licences for implementation of audit services, the press center of the ministry reports.
By January 1, 2009, 26 audit companies and 5 private auditors have been licenced and 143 accountants and 70 auditors have received qualification certificates.
Activity of 7 licences for audit services has been ceased and activity of 6 licences has been recovered.
Generally, auditors have been fined for 1 million drams.
In accordance with RA law, state fee of 6. 650.000 drams has been levied, 6.500.000 of which has been levied from audit companies and 150.000 from private auditors.
Last year Ministry of Finance held 15 qualification exams for auditors and 5 exams for accountants. As a result, 24 accountants and 41 auditors have been awarded qualification certificates.