Enhancing Accounting and Audit Quality In Georgia
The experts participating in this visit aimed to evaluate and document SARAS’ current needs with respect to the examination of professional competence and monitoring of Professional Accounting Organizations.
For this purpose, the experts together with representatives of SARAS analyzed the legal provisions of Directive 2014/56/EU (amending Directive 2006/43/EC), Order 2017/16 and Order 2017/13 of the local legislation, and the 2016 Law on Accounting, Reporting and Auditing in order to identify gaps, share knowledge, experience and best practices.
The most important gaps identified in relation to the compliance of national legislation with the provisions of the EU legislation are summarized below.
Gaps related to the Directives
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