WB vows to raise corporate management transparency in Armenia
18.06.2009,
02:06
The World Bank stands ready to help Armenia boost corporate management transparency, Head of the WV Yerevan Office Aristomene Varoudakis was quoted as saying at the Wednesday conference on accounting and auditing rules.
YEREVAN, June 17. /ARKA/. The World Bank stands ready to help Armenia boost corporate management transparency, Head of the WV Yerevan Office Aristomene Varoudakis was quoted as saying at the Wednesday conference on accounting and auditing rules.
The bank has completed working on the accounting and auditing standards report in Armenia by collaborating with the RA government in gathering information.
Varoudakis expressed a hope that the report would add more transparency to corporate management in Armenia. He stressed the importance of effective and transparent corporate management in fostering small-to-medium-sized businesses and ensuring economic stability.
According to Varoudakis, effective accounting and auditing enable investors to assess business prospects, increasing the trustworthiness of the country.
He stressed that Armenia could attract more investments from the Diaspora with the help of transparent accounting and auditing, as well as fight corruption, bringing to minimum the intercourse between tax agents and private enterprises.
A conference on accounting and auditing rules opened today in Yerevan ion the initiative of the RA Ministry of Finance and the WB Yerevan Office. During the event, the World Bank will submit a report on accounting and auditing standards in Armenia.—0--
The bank has completed working on the accounting and auditing standards report in Armenia by collaborating with the RA government in gathering information.
Varoudakis expressed a hope that the report would add more transparency to corporate management in Armenia. He stressed the importance of effective and transparent corporate management in fostering small-to-medium-sized businesses and ensuring economic stability.
According to Varoudakis, effective accounting and auditing enable investors to assess business prospects, increasing the trustworthiness of the country.
He stressed that Armenia could attract more investments from the Diaspora with the help of transparent accounting and auditing, as well as fight corruption, bringing to minimum the intercourse between tax agents and private enterprises.
A conference on accounting and auditing rules opened today in Yerevan ion the initiative of the RA Ministry of Finance and the WB Yerevan Office. During the event, the World Bank will submit a report on accounting and auditing standards in Armenia.—0--
