Audit of financial statements

The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework (e.g. IFRSs).
We conduct audit in accordance with International Standards on Auditing (ISAs) as issued by International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants (IFAC) and follow independence and other ethical requirements of International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code)
Our top priority is to serve the public interest by executing high-quality audits with independence, objectivity and professional skepticism․

Other Audit services

  • Agreed-Upon Procedures (AUP)

The objective of AUP is for the auditor to carry out procedures of an audit service nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings.
AUP may involve performing audit procedures on:
Expenditures, incomes, property and equipment, receivables and payables;
Procurement policy, maintaining credit covenants requirements;
Internal control process, reporting and cash management.

  • Compilation engagement

The objectives in a compilation engagement under ISRS(INTERNATIONAL STANDARD ON RELATED SERVICES) are to:
(a) Apply accounting and financial reporting expertise to assist management in the preparation and presentation of financial information in accordance with an applicable financial reporting framework based on information provided by management; and
(b) Report in accordance with the requirements of this ISRS.

  • Review Engagements

The objectives in a review of financial statements under ISRE(INTERNATIONAL STANDARD ON REVIEW ENGAGEMENTS) are to:
(a) Obtain limited assurance, primarily by performing inquiry and analytical procedures, about whether the financial statements as a whole are free from material misstatement, thereby enabling the practitioner to express a conclusion on whether anything has come to the practitioner’s attention that causes the practitioner to believe the financial statements are not prepared, in all material respects, in accordance with an applicable financial reporting framework; and
(b) Report on the financial statements as a whole and communicate, as required by this ISRE.

Our group of qualified accountants can assist the newly established and already existing organizations to implement an accounting system, maintain the entity’s accounting records in accordance with the Armenian Accounting Standards and Tax Legislation, as well as in accordance with International Financial Reporting Standards, in particular render the following services:

  • Preparation and submission of tax reports
  • Accounting records of economic transactions in accordance with the RA Accounting legislation and international accounting standards
  • Provision of accounting reports
  • Implementation of requirements set forth in the Labor legislation, preparation of relevant documents in accordance with legislation
  • Preparation of documents related to accounting, arising out of civil law relations
  • Preparation of necessary contracts on civil law component of economic relations
  • Maintenance of mandatory registries and other record books as prescribed by the law
  • Implementation of complex works with state bodies, including tax authorities
  • Carrying out other duties of the accounting authority in accordance with the RA Law on Accounting
  • Calculation of inventory value
  • Preparation of a business plan
  • Internal audit

We help our customers to solve problems in tax field. In addition we perform tax reviews and tax planning of local and international operations. We also provide support during tax inspections. To ensure the success of your business it is very important to have informed and knowledgable tax consultants. Our knowledgable tax consultants facilitate the entrepreneur’s justified decision making process.

We provide the following tax services:

  • Tax dispute resolution
  • Prevention of unjustified actions of tax authorities
  • Participation in the process of tax inspection
  • Performance of tax studies with the objective of identifying tax risks related to our customers’ activities, assessing the level of tax compliance and suggesting directions for potential tax savings
  • Tax planning, tax consulting on profit tax, revenue tax, social insurance payments, as well as value added tax, excise tax, customs duties and fees
  • Tax consulting

Competently organised human resource records and administration will allow you to be legally protected during labour disputes and to be properly represented during inspections organised by state authorities within the framework of the law.

Human resource administration includes the following activities:

  • Implementation of formalities related to the origination, change, and termination of work relationships
  • Development of internal disciplinary rules
  • Development of working (shift) schedules
  • Assessment and formulation of heavy and harmful works
  • Suggestion of labour dispute resolution mechanisms
  • Development of full material liability contracts
  • Participation to inspections organised by state authorities within the framework of the law
  • Recruitement orders
  • Recruitement and vacation application forms
  • Accrued vacation days
  • Vacation orders
  • On-demand references on salary, etc.

Since the government decision N313 of March 26, 2015 launches new accounting requirements for public sector organizations, all public sector organizations must switch to automated accounting systems, and if you have not yet automated your accounting software, we are here to inform you:

FINS accounting company provides all the work on the implementation of automated accounting software: installation, implementation, operation of the program, assistance to the program's procedural work, staff training, and in the future, continuous consulting activities:



The company strives to build and develop stable and long-term relationships with customers

  • Prudence
  • Professionalism
  • Good reputation
  • Partnership


Maximum savings of our customers' expenses

By choosing our services you will escape from the following expenses

Be the best for our customers

Use all the opportunities to gain a firm and leading position in the financial market