On June 9, memorandum of cooperation was signed among the State Audit Office of Georgia, Public Audit Institute and Georgian Federation of Professional Accountants and Auditors, the aim of which is:
- Improvement of the auditors’ certification system, working in the public sector audit sphere.
- Working out of the quality control system for the auditors, acting in the public sector audit, which will take into account the relevant international practice and general principles of the quality control ensuring, written in the law “On accounting and financial reporting about the audit”. Parties will establish joint working group for achieving the aims of the memorandum.
LEPL, founded by the State Audit Office –Public Audit Institute is the only organization in Georgia, which is authorized to certify the public sector auditors as well as conducting trainings in the public audit and implement compulsory continuing education programs.
Georgian Federation of Professional Accountants and Auditors, is the only organization, which presents the International Federation of Accountants (IFAC) as a real member – organization. This organization has the leading positions in organizing the certification, trainings and qualification courses.
