For those who have not yet submitted their report: please submit the report for the 2024 reporting period immediately! Every natural/legal person providing professional services is obliged to submit the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Risk Supervision Report to the Service by January 31, 2026.

IAASB released 2020 handbook

The IAASB has released the 2020 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements.

The latest edition of the handbook also includes International Standard on Quality Management (ISQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements and ISQM 2, Engagement Quality Reviews. 

SARAS will translate the handbook in Georgian within 6 months and introduce it in accordance with the law.