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) 

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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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Changes were made in the normative act of the SARAS

On January 28, 2019 was amended the regulations approved by the Order No. 17 of October 28, 2016, confirmed by the Head of the Service for Accounting, Reporting and Auditing Supervision on determining “The Rules for introduction of the website and the electronic registry, its structure, its form, its list of information and the identification of users”

The memorandum of cooperation was signed between the SARAS and Akaki Tsereteli State University

The memorandum of cooperation was signed between the Service for accounting, reporting and audit supervision of the Ministry of Finance in Kutaisi and Akaki Tsereteli State University, which stipulates joint seminars, consultations and practical conferences for the improvement and development of students' learning quality

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Workshop on the standard of financial reporting for IV category enterprises was held in Kutaisi

With the support of the Regional Chamber of Commerce in Kutaisi and donor organizations, the SARAS has held a working meeting in Kutaisi on the project of simplified financial reporting standards for IV category enterprises and its implementation, the main object of the project was to introduce the auditorium with the basic principles of the new standards of financial reporting for IV category enterprises and its legislative requirements

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Quality Control System Monitoring Directions for 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)