Yerevan /Mediamax/. Shareholder of “Grant Thornton Amyot” Armen Hovhannisyan believes that large companies, which avoid audit, are not ready to work with transparency.

Armen Hovhannisyan said this, commenting on the request of Mediamax on approval of changes to the law on “Accounting” by the parliament, according to which, companies with proceeds of 1bln AMD and more, and not with the assets and turnover of 500mln AMD and more, as it was initially provided for, will undergo compulsory audit following the results of 2009 financial year.

“I have an “understanding” attitude towards businessmen, who, possessing assets of 1bln AMD and more, avoid audit, accounting this by the economic crisis and the lack of means, while the cost of audit would not exceed even 1% of their assets”, shareholder of “Grant Thornton Amyot” stated, stressing that “this only evidences the fact that they are not ready to work transparently”.

At that, Armen Hovhannisyan expressed opinion that realization of compulsory audit in large companies, nevertheless, is a step forward in the struggle against shadow economy, and the increase of the compulsory limit from 500mln to 1bln AMD will allow carrying out audit works with greater efficiency and timely.