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01 January
2025
SARAS informs auditors/audit firms of important news they should consider before January 2025
,,Audit Committees: Prospects for Future Development” - a webinar was held within the frames of the EU Twinning Project
The purpose of the webinar was to emphasize the importance of the role of audit committees in ensuring the quality of the audit of financial statements and promoting better protection of the users of financial information
The amendments were made to the IV Category Entities’ Financial Reporting Standard
An updated version of simplified Financial Reporting Standard for the IV Category Entities was placed on the web-pages of the Legislative Herald of Georgia and the SARAS
The World Bank launched the series of webinars to support Georgian SMPs
The series of webinars will be focused on demonstrating the ways to address the critical challenges faced by SMPs, as a result of pandemic
The World Bank prepared Report reflecting accountancy education analysis
The alignment of accountancy curricula in Georgia universities with International Education Standards is analysed in the Report
COVID-19-Related Rent Concessions – IFRS 16 Amendments were published by SARAS
IFRS Amendments adopted and issued by IASB - COVID-19-Related Rent Concessions (amendments to IFRS 16) - were translated into Georgian and published by SARAS
Priorities for 2019 and 2020 annual reports review process” – annual reports review policy document was placed on the web-page of SARAS
The document was developed for entities defined by the Law of Georgia on Accounting, Reporting and Auditing, serving auditors, oversight/regulatory bodies and other stakeholders of the annual reports
