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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)
The SARAS has signed the first statement of protocol with the oversight board of an EU member country
A bilateral cooperation protocol was signed between the SARAS and the Hellenic Accounting and Auditing Standards Oversight Board on joint efforts in the field of audit oversight
A Guide to initial application of IFRS for SMEs was published
For the 3rd category enterprises and 3rd category groups, the SARAS has developed a guide to initial application of IFRS for SMEs
The SARAS has signed a Memorandum of Cooperation with the Business and Technology University
On May 7, 2019, the SARAS and the Business and Technology University signed the memorandum of cooperation aiming to develop new international programs in finance, focus on learning and practical knowledge, access to the latest information in financial matters and their dissemination
The representative of the SARAS attended the Annual Plenary Session of the International Forum of Independent Audit Regulators (IFIAR) in Greece
From April 29 to May 2, 2019, in Greece was held the Annual Plenary Session of the International Forum of Independent Audit Regulators (IFIAR), which was attended by the representative of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia
The SARAS participated in the conference dedicated to major challenges in the academic and professional education field of accounting and auditing
The representatives of the Service for Accounting, Reporting and Auditing Supervision attended the conference, organized by the World Bank and the National Reforms Support Foundation, funded by the European Union, and the main theme was the major challenges existing in the academic and professional education field of accounting and auditing
A working meeting on the financial reporting standard for the IV category enterprises was held in Poti
On April 25, 2019, in Poti the Service for Accounting, Reporting and Auditing Supervision held a working meeting on the project of the Simplified Financial Reporting Standard for IV Category Enterprises and its implementation
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