Association of Accountants and Auditors of Armenia
Associate | Established: 1997 | Associate since 2005
The Association of Accountants and Auditors of Armenia (AAAA) is a non-government voluntary public organization established in October 1997 as a Union of Certified Accountants and subsequently reestablished in 1999 as the AAAA by a decision of its General Meeting. Membership comprises individual practitioners, both accountants and auditors. The association is formally recognized by the Ministry of Finance of the Republic of Armenia as a professional accountancy organization. Since 2002, the AAAA has been offering certification for accountants and auditors, and is also involved in the certification of auditors under the authority delegated by the Ministry of Finance through Government Decision No. 748-n of 2013.
Contact
Karapet Ulnetsu 31Yerevan 375037
Armenia
Tel: (+374 10) 24 16 85
Fax: (+374 10) 24 16 20
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Statements of Membership Obligations (SMOs)
Last updated: 05/2016
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The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Status of Fulfillment
With no direct responsibility for the adoption of a quality assurance (QA) review system, the AAAA promotes the need for establishing a mandatory QA review system for auditors to the regulator, the Ministry of Finance...
The AAAA’s membership comprises both accountants and auditors who join the association on a voluntary basis. The AAAA reports that its membership requirements are mostly compliant with IES. The AAAA was successful in...
The AAAA reports that it played an active role in promoting the adoption of ISA for application in Armenia and subsequently in translating the standards into Armenian. With ISA finally adopted effective 2011, the AAAA...
Having no direct responsibility for the adoption of the IESBA Code of Ethics by all professional accountants in the jurisdiction, the AAAA has nevertheless established a requirement for its members to adhere to the Code...
With no direct responsibility for adoption of IPSAS, the AAAA reports that, since 2012, it has participated in discussions with government officials on the adoption of IPSAS and continues to use its best endeavors to...
The AAAA has taken steps to establish a formal investigative and disciplinary (I&D) system for its members that is based on SMO 6 requirements. It established the Committee on Membership and Professional Ethics, which...
The AAAA has no direct responsibility for the adoption of IFRS and IFRS for SMEs in the jurisdiction. The Ministry of Finance has, however, entrusted it with the process of translating IFRS, which must be translated into...
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.