Any natural/legal person providing professional services is required to register in the appropriate registry withing 30 calendar days after commencing professional activities.

SARAS held an information meeting on the financial reporting review process and frequently identified non-compliances with IFRS standards

SARAS held an information meeting for auditors and representatives of entities that prepare financial statements in accordance with IFRS standards.
The goal of the meeting was to support enterprises in submitting timely and high-quality financial reports. The meeting involved a detailed analysis of the most frequently identified cases of non-compliance with IFRS standards throughout the year, and corresponding recommendations were shared. To promote better alignment with financial reporting standards, the principles of financial reporting and effective communication were discussed. Special emphasis was placed on materiality, including its quantitative and qualitative aspects, which form the foundation of financial reporting.
SARAS will continue to support and inform entities. As part of this effort, SARAS will hold a series of in-person information meetings across Georgia on the topic: “The Reporting Process and Registration in the Registries of Accountants/Accounting Firms.” You are kindly invited to participate in the survey, which will help SARAS determine meeting locations convenient for attendees.

Please note that the submission and publication process for the 2024 reporting period has started.

Accountable entities must submit their reports immediately upon availability through the reporting portal: https://rms.reportal.ge/

Do not wait until the deadline. By submitting your reports in a timely manner, your organization builds a reliable and transparent image, facilitates investor engagement, and increases the potential for trustworthy partnerships with the banking sector.