For the attention of auditors – it is planned to hold trainings on the usage of Audit Tool

The main objective of Audit Reform is to ensure availability of the high-quality audit service as a result of which investors, creditors and other stakeholders will be provided with reliable audited financial statements. Accordingly, The Georgian law on “Accounting, Reporting and Auditing” requires developing and implementing relevant quality control policies and procedures, including relevant audit methodology and techniques. Also, the Law is strict enough regarding this matter – in accordance with article 24 (2), non-compliance/insufficient compliance with the requirements may become the basis for cancellation of the registration.  

Within the framework of the quality assurance technical assistance project from Asian Development Bank the trainings are planned for November- December 2020 on the usage of Audit Tool (already translated and available in Georgian language). The training will be organized by the Institute of Chartered Accountants in England and Wales (ICAEW) and professional organizations.

Interested parties can contact professional organizations for detailed information.