1998-2007: The development of the RA Laws “On Accounting” and “On Auditing Activities,” as well as the relevant legislative acts, is underway. This includes the development of the National Accounting Standards and the Chart of Accounts based on International Accounting Standards (IAS).– Hovhannes Petrosyan, Vigen Yeghoyan

2008-2018: Professional translation and editing services for newly issued IFRSs and amended IASs. Committed to transitioning to an IFRS-based system, aligning with international best practices and ensuring compliance with the latest standards. – Hovhannes Petrosyan, Vigen Yeghoyan

The translation and adoption of International Public Sector Accounting Standards (IPSASs) took place during the 2008-2009 period. – PHP Partners CJSC

2013-2014: The development of the RA Law “On Public Sector Accounting” and relevant legislative acts is underway. This includes the development of the Armenian Public Sector Accounting Standard (ASAS) and the Chart of Accounts based on RA IFRS. – PHP Partners CJSC

2015-2016: The development of draft legislative acts is underway, and they are being prepared in accordance with the recent adoption of RA IFRS and the newly adopted RA Law “On Public Sector Accounting.” – PHP Partners CJSC

In the 2018-2019 period, we initiated programs based on the Armenian GAAP in expanded municipalities. These programs included the training of accountants and the development of GAAP application and accounting manuals for community use. – PHP Partners CJSC

A study was conducted in 2020 on the implementation of the accounting system based on the Armenian Public Sector Standard (APSAS) in expanded municipalities. – PHP Partners CJSC

In 2021, we implemented an accounting system based on the Armenian Public Sector Standard (APSAS) in ten municipalities together with consolidation methodology and a cost calculation methodology for municipalities. – PHP Partners CJSC