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Based on information provided by professional organizations, auditors, audit firms to the Service for Accounting, Reporting and Auditing Supervision Subdivision of the Ministry of Finance of Georgia, as well as the research carried out by the Service, the factual circumstances have been identified that could result in non-compliance with the legislation regulating audit activity during the state procurement.
Results of research and analysis carried out by the Service demonstrated the following issues identified during the state procurement implementation process:
1. Possible inadequacy between the cost and quality of audit service.
2. Conditions that can result in non-compliance with the law.
The service has drafted recommendations regarding the issues discussed above. The recommendation is published on the LEPL State Procurement Agency website.
The service expresses hope that noted recommendation will become a guideline document for procurement activity participants.