The reporting process for the 2023 reporting period has started! Please submit your reports, immediately, as soon as they are available

Research – a new section on SARAS web page

Research section is added to the official web page of SARAS. Researches, statistical products and important analytical information regarding the Reform, based on SARAS information resources, will be available there 

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World Bank conducts a survey of auditors and audit firms to assess the impact of COVID-19

World Bank Office in Georgia, with support of SARAS and PAO, conducts a survey of auditors and audit firms to assess the impact of COVID-19 on the audit market

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Position of Georgia on updating IFRS for SMEs Standard

SARAS submitted a comment letter on the exposure draft of IFRS for SMEs Standard to the World Bank, reflecting a consolidated position of Georgia  

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Public comment deadline for the draft amendments to the Financial Reporting Standard for IV Category Entities has been prolonged

Considering current circumstances due to impact of COVID-19, SARAS prolonged public comment period to ensure active participation of the professional society in the improvement process of the Standard 

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A memorandum of cooperation was signed between SARAS and the National Center for Educational Quality Enhancement

The memorandum aims at improving financial transparency in the educational sphere as well as enhancing the quality of professional education 

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An amendment was made to the normative act of the Ministry of Finance of Georgia

An amendment was made to Order N188 of the Minister of Finance of Georgia on June 8, 2017. 
On the basis of the amendment, Accounting, Reporting, and Auditing Board is authorized to handle dispute resolution sessions remotely, using relevant online platforms.