In accordance with the law, auditor/audit firm should develop a manual for audit and other assurance services as well as policies and procedures aiming enhancement of personnel’s  qualification, its development, coaching and performance appraisal

The project aims to enhance the qualification of accountants, financial specialists of the small and medium-sized business sector and other interested parties and will continue in the future

On December 22, 2020, under the Order №N-18 of the Head of the SARAS, an amendment was made to “The Rule about Registering Users, Reporting and Disclosure by the Entities on the Reporting Website” approved by the Order №N-6 of the Head of the SARAS dated May 21, 2019

Under the License Agreement the IFRS and IFRS for SMEs taxonomies developed by the International Accounting Standards Board, will be translated into Georgian language and published on the webpage of SARAS in order to facilitate the electronic use and exchange of financial data

The twinning project “Enhancing Accounting and Audit Quality in Georgia” came to an end in a virtual closing event held Friday, December 18, 2020

On December 16, 2020, The European Union and World Bank joint project - Georgia Financial Inclusion and Accountability – in partnership with the National Reforms Support Foundation in Accounting, Reporting and Auditing (RSF), held today a virtual award ceremony for the second Best Annual Report and Transparency Award (BARTA)