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

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.

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

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 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).

Revised IFRS Standards (2018 version) are now available on the official web-page of the SARAS in the Georgian language