The mission of PKF AUDIT SERVICE is to support
the Armenian enterprises to be effective in the
domestic and international market through supply
of qualified and professional services.
Our Company has had many achievements, some of which are listed below
In 2015, Audit Services LLC was declared as a winner within the framework
of “Urgent rehabilitation of irrigation systems” program announced by
“Water Sector Development and Institutional Improvements” PIU SI according
to the consulting services’ agreement “Training of water users’ companies’
inspection commission members” of the RA 42 Water Users Associations.
In 2014, Audit Services LLC was declared as a winner within the framework
of “Urgent rehabilitation of irrigation systems” program announced by “Water
Sector Development and Institutional Improvements” PIU SI according to the
consulting services’ agreement ‘‘Training on the preparation of Reports in
accordance with the International Accounting Standards for the accountants
conducting the accounting system of the RA 44 Water Users Associations”
ISEP/CQS/SW-13/004TR within which each participant had been totally studied 72 hours.
In 2010-2011, Audit Services LLC was declared as a winner within the framework
of “Urgent rehabilitation of irrigation systems” program announced by “Water
Sector Development and Institutional Improvements” PIU SI of the Ministry of
Territorial Administration of the State Committee for Water Management, according
to the consulting services’ agreement “Institutional Strengthening Study”
IREP/QCBS/SW-10/001. According to the consulting agreement signed with Audit service
LLC within the framework of the project had been implemented: institutional reform
studies of 44 Water Users Companies, financial activity analysis of WUAs for the period
of 2007-2010, development and preparation of business plans for the period of 2011-2016
and established the necessary legislative and documentation forms for WUA associations
for the period of 2011-2016, etc.
In 2008, “the Memorandum on Cooperation” between Audit Service LLC and RSM McGladrey
Inc. (one of the biggest USA auditing and consulting companies) was signed. Under this
Memorandum, a number of consulting services has been delivered, particularly: “Sourcio”
Armenia – Tax Due/Diligence; British Council-Consulting; CFA Institute-Tax and Accounting
consulting; HEIFER International Armenia annual audit of special purpose financial
statements for the reporting period 01.06.2014-01.06.2018, etc.
In 2006 Audit Services LLC won a tender announced by “Water Sector Development and
Institutional Improvements” PIU SI, within which the following activities had been
implemented: Assessment of the effectiveness of usage of Armenian Software
(AS accounting software) in 54 WUAs; Requalification Training of the Chief Accountants
of WUAs for the purpose of receiving Accountant qualification (fixed by 25.11.2003
Order and affirmed by 08.08.2003 Decision of RA Government on affirming the Order of RA
Accountants Qualification) from the Ministry of Finance; Servicing the WUAs with AS
effective usage; Support to the forming of 2005 Annual Financial Statements through
the AS-Accountant (middle package); Specification of balances of 31.12.2005 accounting
reports in the companies which had not ran 2004 accounting through the AS-Accountant
(middle package).
In 2004 Audit Services LLC won the tender on consulting services for 54 Water users
associations, particularly organization of training of chief accountants, implementation,
installation and service of accounting software, which was financed from the Loan means
given by International Development Agency. The following activities had been performed
within this project; Study of activities and operations of 54 WUAs, analysis of Financial
and Accounting indicators based on which the following documents have been developed:
Accounting and Tax Policy of WUAs; Working Chart of Accounts; Frequently Used Transactions
Manual. Installing of Software Package of Accounting; Recording of remains of balance sheet
into the program; Training of the Chief Accountants of WUAs to use the program; Training
of the Chief Accountants of WUAs on Tax Legislation, Accounting Standards of Armenia, and
Civil Legislation (60 hours per accountant) in Yerevan; Servicing the Software Package of
Accounting for one year; Forming Annual Balance with Software Package of Accounting for WUAs.
In 2002 Audit Services LLC won the tender announced by the Government of RA on “Auditing
of usage of incomes from the imports of gas into Armenia and financial gaps of Energy System
of Armenia for the purpose of enhancement of the Charter Capital of “Hayrusgasard” CJSC”. The
results have been finished in 2003 and published in one of the most readable news-paper,
TV and Radio of Armenia.
In 2001-2002 Audit Services LLC won the tender of the Government of the Republic of Armenia on
“Analyzing of assets delivering procedure from RA Gas Industrial Organizations to ”HayRusGasard”
CJSC”. Besides this analyze, the Company conducted inventory works and audit of assets and
liabilities of Haygasard CJSC.
In 2001 Audit Services LLC won the tender announced by the World Bank and the Government
of RA on “The installation works of newly adopted Accounting Standards in enterprises with
50 present and more state ownership”. Total number of enterprises was 101, among which: 29
are from transport and telecommunication sector; are from agricultural sector; 31 are from
industrial sector (among which are: Zangezur Copper-Molybdenum Combine CJSC, Kapan Relay
Factory OJSC, Akhtala Relay Factory OJSC, Agarak Copper-Molybdenum Combine CJSC, Nairit OJSC,
Kanaz OJSC, Hayelectomeqena OJSC, Hayvosky CJSC, Yerevan Jeweler Plant OJSC, Mars CJSC,
Armenmotor CJSC, Polivinilatsetat CJSC, Doghagorc CJSC, Armenian Automobile Roads CJSC etc.);
13 institutes under the supervision of Municipality of Yerevan; 5 institutes under the
supervision of Ministry of Internal Affairs of Armenia.
