Workshop aiming to raise awareness of accountants and auditors regarding Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) was held

The Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia (SARAS), Council of Europe (COE) and Financial Monitoring Service of Georgia (FMS) organized the workshop on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) on May 29 and 30

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Presentations concerning submission and publication of financial/non-financial reports

SARAS held presentations concerning the process of submission and publication of financial/non-financial reports on May 24 and 25, 2018

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Draft version of the new Financial Reporting Standard for Fourth Category Entities is now available for comments

SARAS will develop new, simplified version of Financial Reporting Standard for Fourth Category Entities with the support of UK Good Governance Fund

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Amendments were made to the decree

On May 10, 2018, amendments were made to the “Rule for Quality Control System Monitoring”, adopted under the order N9 (July 12, 2017) issued by the Head of the SARAS

SARAS signed the memorandum of cooperation with Sokhumi State University

The Service of Accounting, Reporting and Auditing Supervision Subdivision of the Ministry of Finance of Georgia signed the memorandum of cooperation with LEPL - Sokhumi State University

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Visit of the Chairman of the International Accounting Standards Board in Georgia

The chairman of the International Accounting Standards board (IASB) Hans Hoogervorst came to Georgia for the first time, which is an important step forward in the process of implementation IFRS standards 

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