Now is the Right Time to Strengthen Internal Audit and Implement International Standards in Banks

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Ara Chalabyan

Ara Chalabyan teaches finance, managerial accounting, and audit at the American University of Armenia (2018 teaching excellence award), is an expert at the International Monetary Fund on Internal Audit Assessments,  has 22 years of experience in various positions in the banking system, of which 19 years at the Central Bank of Armenia, where he was the Chief Audit Executive from 2010 to 2020, and Director of Corporate Services and Development from 2020 to 2022. From 2013 to 2021, he has been the first president of the Institute of Internal Auditors of Armenia remaining on the Board afterwards. He is a member of the Association of Chartered Certified Accountants (ACCA), the Institute of Internal Auditors (IIA) and the Information Systems Audit and Control Association (ISACA) and is a qualified accountant (ACCA), Certified Internal Auditor (CIA – with top 9th result in 2014 out of 10,000) and certified risk management specialist (CRMA, CRISC). He published articles in banks.am, “Internal Auditor” (outstanding contributor award 2018), and “Внутренний Аудитор” magazines.

On November 22, Armenia celebrated the 30th anniversary of…

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