Quality control system monitoring directions for 2021

For the attention of audit firms, auditors and other stakeholders, SARAS publishes the information on the planned directions of the quality control system monitoring for 2021

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Updating annual information by auditors/audit firms

Submitting 2020 information on revenue/number of employees by auditors and audit firms

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Compliance rate of annual reporting is 90% in 2020

5,656 entities submitted their annual reports to SARAS

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Anti-Money Laundering: The Basics – publication series collaboratively developed by IFAC and ICAEW were translated into Georgian

Anti-Money Laundering for Professional Accountants: The Basics - the first two parts of the publication series developed for professional accountants were translated into Georgian

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Two groups will be added to the training course on the usage of HAT audit tool

Auditors and staff of Small and Medium-Sized Practices (SMPs), as well as individual auditors, and any interested party who wants to improve their auditing skills can attend the online training

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For the attention of the auditors/audit firms

In accordance with the law, auditor/audit firm should develop a manual for audit and other assurance services as well as policies and procedures aiming enhancement of personnel’s  qualification, its development, coaching and performance appraisal

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