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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 amendment was made to the normative act of the SARAS
On April 22, 2019 the amendment was made to”the Rule of Implementation of Quality Control System Monitoring” approved by the Order No. N9 of the Head of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia dated 12 July 2017
The event on "Relationship between Audit, Financial Reporting and Corporate Governance: How to manage the entity efficiently"
National Reforms Support Foundation in Accounting, Reporting and Auditing organized an event on "Relationship between Audit, Financial Reporting and Corporate Governance: How to manage the entity efficiently"
A Memorandum was signed between the SARAS and the Association of Independent Directors
A Memorandum of Cooperation was signed between the SARAS and the Association of Independent Directors
Kick-off Eevent of the EU's new technical assistance project
Kick-off Event of the EU funded Twinning Project - "Enhancing Accounting and Audit Quality in Georgia" was held
Meetings with the colleges on simplified version of the financial reporting standards for the IV category entities
At National Education Quality Development Center, SARAS held a meeting with colleges about teaching the simplified financial reporting standards for IV category entities and ongoing accounting reform
Seminar for auditors - "Auditing Standards and Beyond"
On March 20, the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance organized a seminar for member auditors of the Georgian Association of Independent Accountants and Auditors
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