New edition of IFRS Standards published on SARAS website

In accordance with Order N-5 of the Head of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia, the 2024 edition of the Blue Book of the International Financial Reporting Standards (IFRS Standards) has been adopted. The Standards, translated into Georgian, have been placed on the SARAS website and are available to all interested parties. 

It should be noted that, traditionally, Georgia is one of the first countries to translate and adopt the 2024 edition of the Blue Book. 

Amendments have been made to the following Standards:
IAS 1 – Presentation of Financial Statements; IAS 7 – Statement of Cash Flows; IAS 12 – Income Taxes; IFRS 7 – Financial Instruments: Disclosures and IFRS 16 – Leases.