Friday, February 10 2017 20:11
Alexandr Avanesov

Internal audit system formation will be a priority for state`s Ministry of Finance

Internal audit system formation will be a priority for state`s Ministry of Finance

ArmInfo. The internal audit system formation will be a priority for the state's Ministry of Finance. About this was spoken during a Finance Ministry meeting held by the Ministry head Vardan Aramyan.

According to the Minister, the Ministry set a priority of development of the given system, however at the preliminary stage it is necessary to conduct a thorough discussion in order to exclude possible obstacles and involving useful ideas. Though the risks are identified, nevertheless, the financial discipline and the State Bodies' effectiveness slacken the process. The Internal audit must be effective, identifying all possible risks by control mechanisms' implementation and warning instruments. For the system's implementation, a moving force is necessary which the Finance Ministry should become, resumed the Minister.

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