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31 December
2019
For the attention of audit firms, auditors and other stakeholders, the SARAS considers it reasonable to publish the information on the planned directions of the quality control system monitoring in 2019. In addition to the planned directions, the document also includes: types of monitoring, monitoring timeframe provided in the legislation, monitoring commencement indicators and description of monitoring processes. (see link)
01 April
2019
According to the amendment made to the normative act of the SARAS, auditors/audit firms, in case they received no revenue during the year, when submitting updated information no later than April 1, in the relevant section they should reflect zero “0”
GFPAA published another Brochure developed by IFAC on the official webpage
GFPAA published the Brochure “Choosing the Right Service – Comparing Audit, Review, Compilation and Agreed-Upon Procedures Service” developed by IFAC on the official webpage
Head of SARAS attended a working meeting organized by EWG
Head of SARAS attended a working meeting organized by EWG established by IFIAR. The meeting aimed to present enforcement survey report and to discuss an action plan
Representatives of SARAS attended the meetings held in Estonia within the frames of Good Governance Fund project
Representatives of SARAS attended the presentations and meetings held within the frames of the UK’s Good Governance Fund project - “Improvement of Accounting and Reporting for Fourth Category Entities” in Estonia
Training for IFRS for SMEs’s English-speaking trainers
Within the frames of adoption program of IFRS for SMEs for second and third size category entities, training of English-speaking trainers of IFRS for SMEs was held on October 8-12, 2018. The international consultant of accountancy education and training hosted the training
Delegations from Kyrgyzstan and Belarus visited Georgia to obtain information about the current accounting reform
The World Bank organized working meetings in the offices of the Ministry of Finance of Georgia and the World Bank. The meetings aimed to share the experience of Georgia regarding the current auditing and reporting reform with the guest countries
GFPAA published the guidance `Focusing on Performance` on the official webpage
The document `Focusing on Performance` was developed for professional accountancy organizations (PAOs) by IFAC and it focuses on PAOs’ institutional development
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