Considering the current circumstances due to COVID-19 coronavirus pandemic, SARAS is planning to hold online meetings with interested parties to discuss hot topics of the field  

From 2020 onwards, using a single window principle, annual and semi-annual reports prescribed by the Law of Georgia on “Securities Market” will be submitted to the National Bank of Georgia electronically, through reportal.ge

IFAC published Staff Audit Practice Alert that highlights areas of focus in an evolving audit environment due to the impact of COVID-19. It provides guidance to auditors on how to change their approaches to certain matters, and highlights relevant ISAs to be considered regarding specific matters. 

Please view Staff Audit Practice Alert.

A memorandum of cooperation was signed between the MoF’s SARAS and the Revenue Service which aims optimization of tax administration system

An amendment was made to the ordinance №181 of 23 March 2020 of the Government of Georgia on “the Approval of Measures to be Implemented in connection with the Prevention of the Spread of the Novel Coronavirus (COVID-19) in Georgia”

The world faces a new challenge due to COVID-19 pandemic. Considering the new circumstances, significant changes are expected in all areas of business activity. Thus, accounting, reporting and auditing sphere is not an exception. There arise various questions that need to be addressed. 

SARAS started updating Useful Links section on the website. It enables all interested parties to be introduced to views and recommendations from competent authorities, international organizations and oversight bodies.