Yerevan/Mediamax/. Binder Dijker Otte & Co (BDO) international audit company entered the Armenian market purchasing 100% of shares of Ameria Audit.

From now on, Ameria Audit will be operating under BDO Armenia brand, Mediamax reports.

BDO International Relations Director Alexander Verenkov noted that BDO Russian office put forward the initiative to start operating on the Armenian market and began searching for a convenient partner to this end.

“The competition on the Armenian audit market is high. We are glad that we found an innovative partner here and we expect not only to introduce our technologies and develop the business in Armenia but also learn many things here”, said Alexander Verenkov.

Director of Ameria Audit Artur Andreasyan who from now on will head the BDO Armenia said that the legislative changes of 2011 aimed at toughening the audit sector made Ameria Audit start thinking of introducing international innovative methodology and instruments.

 “The scope of our services won’t undergo considerable changes – it will include audit and related services. But the operation under a well-known international brand as well as through technologies and BDO system will lead to the growth of our market share”, said Artur Andreasyan.

Dossier

BDO and Ameria Audit

BDO was founded in 1963 by British, Netherlands, German, U.S. and Canadian companies. Today, BDO is the fifth major audit company in the world. The group operates in 135 countries and has 48 800 employees. The revenue of the group made USD 5.67bln as of 2011.

Ameria Audit was set up in 1996 and makes part of Ameria Group.  The main shareholder of the group is TDA Holdings Limited registered in Cyprus which is affiliate to Troika Dialog Russian investment company. The latter was purchased by Sberbank, the largest Russian bank, in 2011.