State Procurement Agency published the Recommendation of SARAS on the web-page

On the bases of research carried out by the SARAS and information provided by professional organizations, auditors, audit firms, SARAS determined factual circumstances that can cause non-compliance with the laws regulating audit service in the State Procurement implementation process

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SARAS published the Explanatory Note

SARAS published the Explanatory Note regarding the transition to IFRS Standards (IFRS, IFRS for SMEs)

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SARAS published the `Guideline for Management Report`

SARAS published the `Guideline for Management Report` on the official webpage and Reporting Portal. The guideline is designed for I and II category enterprises and public interest entities

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Changes in the decree of the Service

Amendments was made to the decree N-17 issued by the head of the SARAS (October 28, 2016) – ‘the rule of forming web-page and register, its structure, form, information indication and identification procedures’ on February 12, 2018. Please refer to link

Board composition was changed

According to the amendment to the decree N16 of the Prime Minister of Georgia (August 23, 2016), the Board composition of the Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia was changed on February 12, 2018

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SARAS signed the Collaboration Memorandum with the Competition Agency of Georgia

The Head of the Service for Accounting, Reporting and Auditing Supervision Subdivision of the Ministry of Finance of Georgia and chairman of Competition Agency of Georgia signed the Collaboration Memorandum

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