The RA Ministry of Finance issued 15 licenses for implementation of audit activity in 2010, while two applications for license issuance were rejected.

During the same period, 4 licenses were terminated, 3 licenses were suspended and another 3 - restored, the Ministry’s press service reported.

During the reporting period, persons implementing audit were fined at the amount of AMD 1.81mln. From January 1, 2010 to January 1, 2011, fees at the amount of AMD 9.85mln were paid to the state budget by the audit services field as provided by the law, out of which 9.6mln were paid by audit companies and 250 000 – by private auditors.

37 audit organizations and 5 private auditors are licensed in Armenia as of January 1, 2011.