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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”
The representatives of the SARAS met with the members of the Business Association of Georgia (BAG)
The representatives of the Service for Accounting, Reporting and Auditing Supervision (SARAS) met with the members of the Business Association of Georgia (BAG). The SARAS made a report on the progress of the corporate accountability reform and its main objectives
The representatives of the SARAS met with the representatives of the research department of the International School of Economics (ISET)
The representatives of the Service for Accounting, Reporting and Auditing Supervision (SARAS) held a presentation on corporate reporting, audit reform progress and main objectives at the International School of Economics (ISET)
Seminar for auditors - "Auditing Standards and Beyond"
On February 7, on initiative of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance, the Georgian Federation of Professional Accountants and Auditors organized a seminar for auditors
Seminar for auditors - "Auditing Standards and Beyond"
On February 6, on initiative of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance, the Georgian Professional Federation of Auditors, Accountants and Financial Managers organized a seminar for auditors
The representative of the SARAS was invited to the newly established public oversight body of Ukraine and Auditors` Chamber of Ukraine
A representative of the Service was invited to share Georgia experience on the issues of the Auditors' Registry with the Auditors` Chamber of Ukraine, being responsible for maintaining the relevant register in Ukraine. The visit was conducted within the regional program of the World Bank for Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP)
Changes in the regulations of submitting updated information by auditors/audit firms
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”
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