Welcome to PKF AUDIT SERVICE LLC official website.
Since January 30, 2019, AUDIT SERVICE LLC has become a member of PKF
International audit company network and renamed into PKF AUDIT
SERVICE LLC.
Audit, Assurance and Validation
Tax and accounting consulting
Tax and accounting recording
Analysis of financial and economic activities
Eveluation os Assets and Liabilities and legal entity shares
(Stock, shares and other participation)
Professional and quality similar services
Law of the Republic of Armenia on "Accounting"
Article 26. Audit of financial statements.
1. Financial statements of the following organizations and
groups are subject to mandatory audit:
1) organizations representing public interest and large
organizations,
2) medium-sized organizations,
3)
the group whose parent organization is an organization of
public interest, and large groups,
4) medium-sized
groups,
2. In addition to the organizations and groups
listed in Part 1 of this article, other types of organizations
and groups whose financial statements are subject to mandatory
audit may be defined by other laws.
Article 3. Basic Concepts Used in the Law
7) large organization - an organization that has
exceeded at least two of the following three indicators by the
end of the reporting year (for which the financial statements
must be prepared):
a. the total amount of the financial
statement (balance sheet): 10 billion AMD (hereafter AMD),
b. income from activities: 20 billion AMD,
c.
calculated according to the procedure established by the
statistical committee, the average annual number of employees
is 250.
8) medium-sized organization: an
organization that is not a small organization or a
micro-organization and as of the end of the reporting year
(for which the financial statements must be prepared) did not
exceed at least two of the following three indicators:
a. the total amount of the financial statement (balance
sheet): 10 billion AMD,
b. income from activities: 20
billion AMD,
c. calculated according to the procedure
established by the statistical committee, the average annual
number of employees is 250.
11) group: the parent
organization and its subsidiaries.
14) large
group: a group that exceeded at least two of the following
three indicators on a consolidated basis by the end of the
reporting year of the parent organization (for which the
financial statements must be prepared):
a. the total
amount of the financial statement (balance sheet): 10 billion
AMD,
b. income from activities: 20 billion AMD,
c.
calculated according to the procedure established by the
statistical committee, the average annual number of employees
is 250.
15) medium group: a group that is not a
small group and as of the end of the reporting year of the
parent organization (for which the financial statements must
be prepared) on a consolidated basis did not exceed at least
two of the following three indicators:
a. the total
amount of the financial statement (balance sheet): 10 billion
AMD,
b. income from activities: 20 billion AMD,
c.
calculated according to the procedure established by the
statistical committee, the average annual number of employees
is 250.
Article 84. Annual audit of financial and economic activities.
The financial and economic activity of the investment company
must be audited every year by the person conducting the audit.
The Central Bank with its normative legal acts can define the
criteria to be presented to the person conducting the audit of
the financial and economic activities of investment companies.
