Audit

Parties interested in registration in the registry of Auditors/Audit Firms have to carefully read instructions about "forming web-page and registry, its structure, form, information indication and identification procedures" and take the following steps:

1. Complete registration using e-mail and password and then verification:
   • For individuals
   • For legal entities


Notice: In the case of legal entities, employer and employee are able to start registration process on the web page simultaneously.

2. After verification, it is required to fill in the registration form according to the decree on "forming web-page and registry, its structure, form, information indication and identification procedures".


Notice: While filling in the registration form you are able to stop the registration process at any time (before final confirmation) and logout from the system. Filled in information will be saved and can be resumed by entering the email and password on web-page.

3. Send the registration form using the system and print it out.


Notice: You will be able to print out the registration form only after the final confirmation (by clicking the “Send” button) and, after sending, changes cannot be made in the form. In case of any changes, a new statement has to be presented to one of the service centers mentioned in paragraph 5.

4. Fulfill the requirements about additional documentation and mention them in the printed registration form, indicating the number of pages.
   
   
5. Authorized person has to sign the printed registration form and present it with additional documentation at one of the following addresses:
   
   
   • Tbilisi, Sarajishvili st. N1
   • Tbilisi, Agmashenebeli ave. N140a
   • Tbilisi, Gulua st. N4
   • Tbilisi, Kostava ave. 68a
   • Tbilisi, Pirosmani st. N5a
   • Kutaisi, Javakhishvili st. N5
   • Zugdidi, Gamarjveba st. N1
   • Rustavi, Kostava st N36
   • Poti, D. Tavdadebuli N4
   • Zestaponi, Tsereteli st. N5
   • Akhaltsikhe, P. Natenadze st. N54
   • Telavi, Aghmashenebeli ave. N41
   • Gori, Samepo st. N50

Notice : Entitled employees of Revenue Service centers will approve and confirm the documents.

Rule for defining the key terms and limits of Professional Liability Insurance for Auditors/Audit firms.

Rule for Performing Quality Control System Monitoring

From 1 June, 2016 up to the implementation of International Standards as defined by the Law for SARAS, the published Georgian translation of the last edition of International Standards of Quality Control (ISQC) supplied by the member organization (GFPAA) of IFAC will be applicable. Pages 41-71.

International Standard on Quality Control (ISQC) in Georgian language was adopted on December 4, 2017 by the Decree n-24 (04.12.2017) of the Service for Accounting, Reporting and Auditing Supervision

Auditors/Audit Firms are eligible to apply the English version in force of the Standards mentioned above.

From 1 June, 2016 up to the implementation of International Standards as defined by the Law for SARAS, the published Georgian translation of the last edition of Code of Ethics of the International Ethics Standards Board for Accountants (IESBA code) supplied by the member organization (GFPAA) of IFAC will be applicable.

Code of Ethics for Professional Accountants (IESBA code) in Georgian language was adopted on December 4, 2017  by the Decree n-24 of the Service for Accounting, Reporting and Auditing Supervision

Reference books for International Standards on Auditing, Quality Control, Review, Assurance Engagement and related procedures performed by Auditor/Audit Firm (2015th Edition, Volume 1, Volume 2, Volume 3), translated into the official language by a member (GFPAA) of IFAC and published, are effective from 1 June, 2016 until the introduction of International Standards by the Service.

International Standards on Auditing (volume 1, volume 2, volume 3) in Georgian language were adopted  on December 4, 2017 by the Decree n-24 of the Service for Accounting, Reporting and Auditing Supervision

An Auditor/Audit Firm also has the right to use the English version of these standards.

Rule for conducting investigations of an auditors/audit firms will be implemented on January 1, 2023 by the Decree #N-10 (15.11.2022) of the Service for Accounting, Reporting and Auditing Supervision.