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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”
Amendment was made to the decree
On December 27, 2018, amendment was made to the decree N-9 (July 12, 2017) issued by the SARAS - ‘rule of Quality Control System Monitoring implementation’.
Representatives of SARAS met representatives of AFM in Netherlands
The World Bank’s CFRR and AFM organized a peer learning workshop on the implementation of the audit reform for the representatives of SARAS in Amsterdam
Training program on the IFRSs for Small and Medium-Sized Entities is complete
On the SARAS’s initiative and within the scope the United States Agency for International Development (USAID) project "Government for Growth" (G4G), a training program was conducted to increase trainers' qualifications in the IFRSs for Small and Medium-Sized Entities
Final meeting was held regarding the project “Facilitating IV Category Enterprises’ Financing through Improved Financial Statements"
The Service for Accounting, Reporting and Auditing Supervision with the support of its donor organizations has held a final meeting regarding simplifying the financial reporting standards and self-study materials
The representative of the Service attended the meeting held by the PCAOB in the US
The representative of the Service attended the 12th Annual Meeting of the International Institute for audit oversight held by the PCAOB in the US, to learn about the PCAOB’s approaches and for cooperation of participating parties with regard to important issues of audit
The workshops on the topic - “Facilitating IV Category Enterprises’ Financing through Improved Financial Statements" were held in Tbilisi
The Service for Accounting, Reporting and Auditing Supervision with support of its donor organizations held workshops with the representatives of IV category enterprises and other stakeholders regarding simplifying financial reporting standards
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