On the initiative of SARAS, with the permission of the Confederation of Asian and Pacific Accountants (CAPA) and with support of the World Bank, CAPA publications for professional accountancy organizations were translated into the Georgian language

The meetings intended for the III category entities aimed at discussing the errors in the submission process of financial statements and the amendments to the reporting format 

In the report, European Parliament assumes transparency as a key basis for the development and improvement of the investment climate and underlines the importance of structural reforms in this area

According to the Georgian law on “Accounting, Reporting and Auditing”, PIEs, I, II and III category entities/groups are required to submit their 2019 financial statements no later than October 1

The IV category entities may, on a voluntary basis, submit their 2019 financial statements prepared in accordance with the simplified financial reporting standard or any other standard of higher rank permitted by law

The project is initiated by Humentum and CIPFA and aims at developing internationally applicable financial reporting standard for Non Profit Organizations (NPOs)