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01 January
2025
SARAS informs auditors/audit firms of important news they should consider before January 2025
Inter-agency memorandum of cooperation
An inter-agency memorandum, aiming at the issues related to reporting, was signed between the supervisory and regulatory agencies of Georgia
IFRS for SMEs Training - the World Bank establishes two additional groups
Considering the number of attendance requirements, the World Bank established two additional groups of IFRS for SMEs Training
Future of SMPs: Digital Transformation - the World Bank held an online meeting
The meeting is the part of webinar series held by the World Bank within the frames of the European Union-World Bank joint Financial Inclusion and Accountability Project
The list of entities with PIE status was amended
On February 23, 2021 under the Order №30 of the SARAS an amendment was made to the list of entities with PIE status
“Non-compliances identified as a result of reviewing financial statements” - an important document for the entities was placed on the SARAS web-page
The document prepared by SARAS summarizes the major non-compliances identified during the process of reviewing compliance of financial statements with IFRS standards
The new government decree on changing reporting deadlines for State owned PIEs
The government decree on setting reporting deadlines for the state-owned entities, classified as Public Interest Entity, as well as for the entities operating with the equity participation of state-owned PIEs was approved
