Revised IFRS Standards were published on the SARAS web page

By the Order № N-7 of the Head of SARAS of April 27, 2021, the IFRS Standards 2021 (Blue Book) edition was adopted.  IFRS 2021 edition translated into the Georgian language was published on the SARAS web page and is now available to all interested parties. 

It is worth mentioning that in 2021, Georgia is the first country to translate and adopt the 2021 edition of the Blue Book. 

Besides, in 2021 certain terminology of the IFRS Standards were updated.  The list of updated terminology is placed on the SARAS web page.