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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)
01 April
2019
According to the amendment made to the normative act of the SARAS, auditors/audit firms, in case they received no revenue during the year, when submitting updated information no later than April 1, in the relevant section they should reflect zero “0”
Kick-off Eevent of the EU's new technical assistance project
Kick-off Event of the EU funded Twinning Project - "Enhancing Accounting and Audit Quality in Georgia" was held
Meetings with the colleges on simplified version of the financial reporting standards for the IV category entities
At National Education Quality Development Center, SARAS held a meeting with colleges about teaching the simplified financial reporting standards for IV category entities and ongoing accounting reform
Seminar for auditors - "Auditing Standards and Beyond"
On March 20, the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance organized a seminar for member auditors of the Georgian Association of Independent Accountants and Auditors
The 9th Public Sector Conference of the Association of Chartered Certified Accountants (ACCA) was held in Prague
In Prague, the 9th Public Sector Conference of the Association of Chartered Certified Accountants (ACCA) was held with participation of SARAS representative. Such event are held every year and serves to review the latest innovations, achievements and future plans in this area
SARAS has published "The Guidelines for Defining Enterprise Size Categories"
SARAS has worked out a guideline concerning the definition of size categories for entities defined by the Law of Georgia on Accounting, Reporting and Auditing
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