INTERNAL AUDIT IN ARMENIA THE REPUBLIC OF ARMENIA MINISTRY OF FINANCE INTERNAL AUDIT IN ARMENIA Sergey Shakhnazaryan Head of the State Internal Fiscal Control and State Procurement Methodology Division Yerevan 2015

LEGAL FRAMEWORK 2010 2011 2012 2013 2014 Internal Audit Law Standards of Professional Internal Audit Activity and Internal Auditor's Code of Ethics Standards Use Guidelines 2012 Internal Audit Manual and Organization Principles Basic Requirements to Internal Audit Departments and Internal Audit Committees Resolution on the Internal Audit Environment and Functions of Government Organizations Order on the Validation of the Model Internal Audit Regulation and Internal Audit Regulation Specifications 2013 Common Internal Audit Management Information System Regulation on Quality Evaluation of Internal Audits to Guarantee and Improve their Quality 2014 Resolution on the Regulation of Internal Auditor's Qualifications Order on the Regulation of Continuous Professional Development of Internal Auditors

STATISTICS Title 2012 2013 2014 2015 (9 months) Number of internal auditors, of which: 144 197 248 358 Qualified 133 166 195 315 In training 11 31 53 43 Internal auditors involved in research & practice throughout the year 177 159

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