05/08/2013 16:37
Audits conducted at 630 of 941 large organizations in Armenia
Audits have been conducted at 630 of the 941 large organizations in Armenia. Positive audit reports were made regarding 427 organizations, while 203 companies did not receive positive audit reports. At 311 companies, audits have not been carried out, the finance minister’s spokeswoman Liana Hunanian said at a meeting with reporters today.
According to her, companies which failed to receive a positive opinion letter will have no right to participate in the state procurement process. There are no other sanctions. L. Hunanian said the list of the companies will be released today.
A company is considered large if its proceeds of activity exceed 1 billion drams in the reporting year.