Support in Review and Introduction of a New Internal Audit System in Public Sector of Armenia

Scope of the Project

Project Duration: September 2021 – June 2022
Location: Armenia
Donor: GIZ
Sector: Public Sector

As part of this assignment, GPMA provided comprehensive support to modernize and strengthen the internal audit (IA) function within Armenia’s public sector. The project involved:

  • Modernization of the Legal and Methodological Framework: A thorough review and restructuring of Armenia’s internal audit regulatory environment, ensuring alignment with international best practices.

  • Revision of Legal Acts: Systematic analysis and update of key legislative documents, including laws and by-laws governing internal audit activities.

  • Development of a Certification Mechanism: Design and implementation of a modern IA certification system that adheres to international professional standards and enhances the professionalism of internal auditors.

  • Capacity Building Framework: Introduction of updated mechanisms for training and continuous professional development of internal audit personnel in the public sector.

This project contributed significantly to the institutionalization of a modern and effective internal audit function in Armenia’s public administration.

14%
portion of total synergy savings derived from IT consolidation

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