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Armenia

Improving Internal Audit System for the Public Sector (AM0002)

Overview

At-a-Glance

Action Plan: Armenia Action Plan 2011-2012

Action Plan Cycle: 2012

Status:

Institutions

Lead Institution: Ministry of Finance

Support Institution(s): Four Assist Development Consulting Limited

Policy Areas

Anti-Corruption and Integrity, Audits, Capacity Building

IRM Review

IRM Report: Armenia IRM Progress Report 2012-2013

Early Results: No IRM Data

Design i

Verifiable: Yes

Relevant to OGP Values: No

Ambition (see definition): Low

Implementation i

Completion:

Description

The government will continue enhancing the audit system to achieve a greater degree of transparency in managing public resources. It is planned to start the implementation of the new internal audit system from the second quarter of 2012. By the end of 2012 the internal audit system must be implemented in all central governmental entities, town communities and commercial and non commercial government organizations. This requires introducing effective methods and procedures for risk assessment and internal audit methods and tools complying with the international standards and best practices, as well as training of relevant staff. Further developments in the area of internal audits will also require the development and implementation of an internal audit qualification system and continuous training and development programs for internal auditors.


Commitments