Armen Hovhannisyan

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Services

Forensic advisory

Through our business risk and business consulting services, we help dynamic organizations manage the operational challenges, risks and opportunities of a...

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Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Data analytics center
Unlock the power of data with our expert Data Analytics team. We are a dedicated group of professionals who are passionate about harnessing the potential of data to drive informed decision-making and business growth. With our extensive knowledge and cutting-edge tools, we provide comprehensive data analysis solutions tailored to meet your specific needs.
Asset management
Grant Thornton’s profound experience and deep knowledge of asset management (AM) systems and registers development is based on successful implementation of large scale and complex projects in CIS region and beyond its borders.
Human capital advisory
Grant Thornton Armenia's human capital advisory services are designed to deliver the results you want throughout the entire lifecycle.
Sustainability and ESG advisory
Embark on a transformative journey with our comprehensive Sustainability and ESG services, designed to support your organization's sustainability transition and drive a meaningful impact.

Transactional advisory

We have necessary expertise to provide integrated solutions at every stage of a transaction through assessment of every single investment opportunity, as well...

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Recovery & reorganisation
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.

Cyber advisory

We help our clients prepare themselves for cybersecurity threats, ensure ongoing protection, react effectively to attacks and drive change to improve their...

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Cybersecurity
Grant Thornton will assist you with raising the level of your protection, offering services in the area of cybersecurity.

Forensic advisory

At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.

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Assurance

We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...

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IFRS
At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.

Related insights:

Publication Identifying a business combination within the scope of IFRS 3

Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice.

30 Mar 2021

Legal & tax advisory

Grant Thornton Legal and Tax LLC, a subsidiary of Grant Thornton Armenia, is a multi-professional group of lawyers, tax advisors and accountants. Law firm...

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Legal advisory
Legal advisory involves a wide spectrum of corporate legal consultancy ranging from incorporation and liquidation matters, legal representation, litigation, ad-hoc legal advice, provision of legal opinions to execution of due diligence and structuring deals from a legal viewpoint.
Business process solutions
Our business process solutions team provides a range of services to support clients of all sizes, from small to medium enterprises (SMEs) through to the largest international businesses.
Tax advisory
We advise our clients on all aspects of corporate tax strategy development and tax planning, tax issues arising from formation or acquisition of a company and provide an overview of local and international perspectives.

Industries

Energy & natural resources

Energy & resources

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Energy & environment
Energy and resources markets worldwide are undergoing major changes. With growing energy demand, developments in new forms of energy and the need to invest in a sustainable future, significant shifts in these sectors are taking place all over the world. At Grant Thornton, we can help you prepare for these changes and stay one step ahead of your competitors.
Oil & gas
Oil & gas
Mining
Rising operating costs, challenging capital markets and falling commodity prices are putting miners to the test worldwide, but dynamic companies can still thrive. At Grant Thornton, we can help you make the most of these opportunities and unlock your potential for growth.

Financial services

Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...

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Private equity
We bring together international teams from corporate finance, restructuring and turnaround, taxation and assurance services that provide bespoke solutions – from investment, through the growth phase to exit.
Asset management
Grant Thornton’s profound experience and deep knowledge of asset management (AM) systems and registers development is based on successful implementation of large scale and complex projects in CIS region and beyond its borders.

Related insights:

Industry analysis Banking sector analysis

Grant Thornton's recent analysis of the banking sector in Armenia, is mainly based on the review of historical data.

14 Mar 2023

Travel, tourism & leisure

Dynamic businesses need to move with speed and purpose if they want to capitalise on opportunities in travel, tourism & leisure. At Grant Thornton, we know...

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Not for profit

Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...

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Public sector

We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...

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Real estate & construction

While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...

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Technology

Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...

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Experience

As of January 2024, Armen Hovhannisyan has been elected Chairman of the Board for Grant Thornton Armenia (unifying three legal entities - Grant Thornton CJSC, Grant Thornton Consulting CJSC and Grant Thornton Legal & Tax LLC -dedicated to providing professional services in Armenia).

Since 1998, he has led the respective service lines at the Armenian firm and is currently serving as the firm’s Chief Financial Officer, and has also been the CEO of Grant Thornton CJSC since 2020. Armen is a member of the Chamber of Auditors and Expert Accountants of the Republic of Armenia.

He has participated and headed around three hundred audit missions for commercial and national banks both in Armenia and abroad, and has extensive experience in the sphere of financial institutions audit and consulting.

As expert in bank accounting and audit, Armen has profound knowledge of Armenian banking regulations and is primarily specialized in assessment and improvement of bank internal control mechanisms and accounting policy, examination of the adequacy of the policy for extending loans and procedures, financial statements in compliance with the International Financial Reporting Standards.

Memberships

Deputy Chairman of the Board of the Association of Accountants and Auditors of Armenia

Qualifications

Licensed auditor (RA Ministry of Finance)
Degree in Finance and Economy (Yerevan State Institute of National Economy)

Latest Articles

IFRS IFRS News - Q2 2016

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards

Armen Hovhannisyan

| 28 Apr 2016

IFRS IFRS Viewpoints

Our IFRS Viewpoint series provides collective insights from global IFRS advisors and experts in Grant Thornton on applying IFRSs in challenging situations

Armen Hovhannisyan

| 13 Apr 2016

IFRS Interim consolidated financial statements 2016

This Publication illustrates condensed interim financial statements for a six month accounting period beginning on 1 January 2016, in accordance with IAS 34 ‘Interim Financial Reporting’ (IAS 34).

Armen Hovhannisyan

| 07 Apr 2016

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