Union of
Credit Organizations of RA

On June 25-27 and July 3-4 Internal Audit training took place at UCORA. The training was conducted by the regional (Armenia, Georgia, Ukraine) internal audit coordinator of ProCredit Holding Sona Ishkhanyan. 16 accountants and auditors from 11 Union's member credit organizations attended the training.
The following topics were discussed during the training:

• Objectives and Scope of Audit,

• Planning, Formation of Timeline and Allocation of Resources,

• Risk Assessment and Audit Plan,

• Collection of Supporting Documents,

• Sampling,

• Testing and Formation of Working Documents,

• Final Report about the Audit Results,

• Continuous Monitoring and Audit Findings.

Training participants acquired both theoretical and practical knowledge about internal audit.