An amendment was made to the ordinance №181 of 23 March 2020 of the Government of Georgia on “the Approval of Measures to be Implemented in connection with the Prevention of the Spread of the Novel Coronavirus (COVID-19) in Georgia”

The world faces a new challenge due to COVID-19 pandemic. Considering the new circumstances, significant changes are expected in all areas of business activity. Thus, accounting, reporting and auditing sphere is not an exception. There arise various questions that need to be addressed. 

SARAS started updating Useful Links section on the website. It enables all interested parties to be introduced to views and recommendations from competent authorities, international organizations and oversight bodies. 

A memorandum of cooperation between SARAS and Data Exchange Agency of the Ministry of Justice of Georgia aims at providing integrated, secured and high-quality electronic services (E-services) 

An amendment was made to the order No 17 of 28 October, 2016 of the Head of SARAS on "forming web-page and registry, its structure, form, information indication and identification procedures"

Given recent epidemiological developments, SARAS has released the following Guideline in response to the challenges that may be confronted by entities, preparing financial and management reports, as a result of the COVID-19 coronavirus pandemic. 

Regarding the spread of COVID-19 worldwide, SARAS is actively engaged with oversight authorities of member states of International Forum of Independent Audit Regulators (IFIAR) to develop relevant guidelines. 

Given recent epidemiological developments, SARAS has released the following guidance in response to the challenges that may be confronted by auditors/audit firms as a result of the COVID-19 coronavirus pandemic.