In Georgia 211 audit firms underwent mandatory registration procedure. Registration started on the 1st of November, 2016 and since then, 384 accountants have been registered in the Audit Register.
An audit firm or a physical person cannot provide audit services without registration. According to the Law on Accounting, Financial Reporting and Audit, any person can get registered at any time.
The Committee for Accounting, Financial Reporting and Audit was approved in September 2016. Following information about audit firm should be kept in the register: results of monitoring of quality control; shares held by partners/shareholders; insurance of professional responsibility; incomes gained from audit during last 3 years.დატოვე კომენტარი