Yerevan Audit Consult

Lending and Credit Services * The auditor opinion provides high (but not absolute level) of confidence which valuates credit-ability towards financial statements. * Execution of the audit valuates credit-ability of the external users, such as investors, financial institutions, tax authorities and potential customers towards audited financial statements. Risk Management and Compliance * The audit enables shareholders to identify weaknesses in accounting and internal control, errors, and fraud. * FREE-WILL AUDIT is arranged by shareholders or beneficiaries to acquire a fair picture of an organization's activity, especially in relations with tax and other control authorities. * COMPULSORY AUDIT demand for annual audit is stipulated by appropriate law. Asset Management * Accounting is a system for collection, registration, and generalization of information in monetary expression concerning the state and flow of the assets, equity, liabilities of an organization through comprehensive and continual documented accounting of all economic transactions. * Organizations with a total asset's book value more than 500 million AMD as of the end of the previous year (Law on Accounting, Article 24) are subject to compulsory audit. Regulatory Environment and Governance * The purpose of financial statements audit is to enable the auditor to express an opinion on whether the financial statements in all material aspects are composed in compliance with the Armenian legislation. * Audits can be ...