A Comment on the Accounting and Auditing Law of Georgia

This article comments on the Accounting and Auditing Law of the Republic of Georgia.The Georgian law “On Accounting and Auditing of Financial Reporting” was signed into law in 2012. Some of its provisions became effective immediately, while others became effective in January 1, 2013. The law includes 17 Articles on a wide range of accounting and auditing topics.The purpose of the present paper is not to dissect each Article, but rather to provide an overview and general comments from a Western perspective