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

The rule for maintaining the unified registry of certified accountants has been adopted

On the basis of the Order № N-4 of the Head of SARAS of April 29, 2020 the “Rule for Maintaining the Unified Registry of Certified Accountants” has been adopted 

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An amendment was made to the normative act of SARAS

An amendment was made to the Order № N-13 of the Head of SARAS of August 18, 2017 on the “Approval of the Continuing Education Standard” 

The first online meeting was held for accountants

Considering the current circumstances due to COVID-19 coronavirus pandemic, SARAS is planning to hold online meetings with interested parties to discuss hot topics of the field  

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Financial Statements of accountable entities will be submitted to the National Bank of Georgia through reportal.ge

From 2020 onwards, using a single window principle, annual and semi-annual reports prescribed by the Law of Georgia on “Securities Market” will be submitted to the National Bank of Georgia electronically, through reportal.ge

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IFAC published Staff Alert to provide guidance to auditors on the impact of COVID-19

IFAC published Staff Audit Practice Alert that highlights areas of focus in an evolving audit environment due to the impact of COVID-19. It provides guidance to auditors on how to change their approaches to certain matters, and highlights relevant ISAs to be considered regarding specific matters. 

Please view Staff Audit Practice Alert.

A memorandum of cooperation was signed between SARAS and the Revenue Service to optimize tax administration

A memorandum of cooperation was signed between the MoF’s SARAS and the Revenue Service which aims optimization of tax administration system

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