Workshop about IFRS and IFRS for SMEs was held at Ministry of Finance of Georgia

The workshop regarding IFRS and IFRS for SMEs was held in partnership with the World Bank Centre for Financial Reporting Reform (CFRR). The workshop was organized by the Service for Accounting, Reporting and Auditing Supervision

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Development of financial reporting standards for IV category enterprises enters its active phase

On March 29, presentation organized within the frame of the technical support project initiated by the UK Government – ‘Improved Financial Reporting for Easy Access to Finance and Growth of Business’ – was held

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Changes in the decree of the Service

Amendments was made to the decree N-17 issued by the head of the SARAS (October 28, 2016) – ‘the rule of forming web-page and register, its structure, form, information indication and identification procedures’ on March 26, 2018. Please refer to link

National initiatives for improving the quality of education in accounting and audit field

On March 23, 2018, the World Bank organized the arrangement aiming to develop a strategic plan for improving the quality of education in accounting and audit field

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Changes in the decree of the Service

Amendments were made to the decree N-9 issued by the head of the SARAS (July 12, 2017) - ‘the Regulation for Quality Control System Monitoring Process` on March 1, 2018.

State Procurement Agency published the Recommendation of SARAS on the web-page

On the bases of research carried out by the SARAS and information provided by professional organizations, auditors, audit firms, SARAS determined factual circumstances that can cause non-compliance with the laws regulating audit service in the State Procurement implementation process

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