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31 December
2019
For the attention of audit firms, auditors and other stakeholders, the SARAS considers it reasonable to publish the information on the planned directions of the quality control system monitoring in 2019. In addition to the planned directions, the document also includes: types of monitoring, monitoring timeframe provided in the legislation, monitoring commencement indicators and description of monitoring processes. (see link)
Closing event of the Project to Support the implementation of the International Financial Reporting Standard for Small- and Medium-sized Entities
On June 21, 2019 the closing event of the Project to support the implementation of the International Financial Reporting Standard for Small- and Medium-Sized Entities was held in the Ministry of Finance of Georgia
IFRS for SMEs learning modules were published on the SARAS web page
IFRS for SMEs learning modules have been posted on the official web page of the Service for Accounting, Reporting and Auditing Supervision. This learning materials have been translated within the framework of the project of the United States Agency for International Development (USAID) - "Governing for Growth" (G4G)
SARAS created a working group for interpretations of the Financial Reporting Standard for the Fourth Category Entities
By the order of the head of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia, a working group for interpretations of the Financial Reporting Standards for the Fourth Category Entities has been created
SARAS took part in the Enforcement Workshop organized by IFIAR
On June 17-18, 2019 the representatives of the Service for Accounting, Reporting and Auditing Supervision participated in the Enforcement Workshop organized by the International Forum of Independent Audit Regulators (IFIAR) in Switzerland
SARAS met the Georgian National Communications Commission
A meeting was held between the representatives of the Service for Accounting, Reporting and Auditing Supervision and the Georgian National Communications Commission
Guidelines on Management Report for 2018 was published
The Service for Accounting, Report and Auditing Supervision of the Ministry of Finance has developed the instructions for management report for 2018, which are guidelines and do not create any new legal obligations
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