The Explanatory Note concerns transition to IFRS Standards for the financial statements of the year 2018 and the presentation of financial statements and comparative financial statements

The representatives of SARAS visited Greece within the frames of the Twining Project

The Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia organized two events concerning the Standard for the fourth category enterprises and updated reporting system in Tbilisi

An amendment was made to the Order №N-13 of the Head of the Service for Accounting, Reporting and Auditing Supervision, dated August 18, 2017, on the “Approval of the Continuing Education Standard”.

On August 19, 2019 an amendment was made to the Order №N-16 of the Head of the Service for Accounting, Reporting and Auditing Supervision, dated September 25, 2017, on the “Approval of the Professional Certification Standard and the Recognition Rule for Certification Programs and Examination Procedures”.

Under the initiative of the SARAS, within the framework of the Regional Technical Assistance Program funded by the Asian Development Bank, the HAT Audit Tool provided by the Institute of Chartered Accountants of England and Wales, has been translated into Georgian language and was placed on the website of the professional organization.