The Armenian Ministry of Finance issued nine licenses for implementation of audit activity during the first quarter of 2010. During the same period, one license was suspended and one was restored.

Besides, persons implementing audit were fined at the amount of AMD 605thous. from January to March 2010, as well as state fees at the amount of 4.375mln were paid as provided by the law, out of which 4.25mln were paid by audit companies and 125,000 – by private auditors.

33 audit organizations and nine private auditors are licensed in Armenia as of April 1, 2010.