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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”
Representatives of ICAEW's Quality Assurance Department visited Georgia
Within the ADB’s regional technical assistance program, representatives of ICAEW's Quality Assurance Department (QAD) visited Georgia
Program to promote implementation of the IFRS for SMEs for the second and third category entities
Program to promote implementation of the IFRS for SMEs for the second and third category entities initiated by SARAS has started within he USAID G4G project “Governing for Growth” and with the support of the World Bank
Amendments were made to the decree
On July 18, 2018, amendments were made to the “the rule of recognition of the professional certification standard, certification programs and examination process” adopted under the order N16 (September 25, 2017) of the Head of the SARAS.
Events aiming to raise awareness regarding the accounting and reporting reform were held in Batumi
On the initiative of the SARAS and the World Bank, events aiming to raise awareness regarding the accounting and reporting reform were held for first and second category entities, public interest entities and auditors
SARAS published Explanatory Notes regarding the form of auditor’s report on management report on the official web-page
The Explanatory Notes developed by SARAS concerning the form of auditor’s report on management report was published on the official web-page of the Service
Amendments were made to the decree
Amendments were made to the following orders issued by the Head of SARAS: order N-24 (December 4, 2017), order N-26 (December 26, 2017), order N-17 (December 21, 2017).
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