Accounting Reform's Stakeholders' Foundation

Accounting Reform's Stakeholders' Foundation Objectives: • To support and promote the implementation of the policies that recognize the fundamental contribution of accountancy profession in the business development in Georgia’s economy and creates a ”level playing field” among companies; • Georgia, as a sustainable social market economy, fully recognizes accountancy for businesses as the cornerstone of responsible ownership and long-term entrepreneurship when compared to other types of companies; Main tasks: • Transition of Business: Accounting, Financial Reporting and Audit regulatory framework reformation (legal, fiscal and administrative) should support MSM business continuity; • Strengthening Equality: public-private partnership among the international donor institutions and national banking and corporate sector as a source of finance. The large businesses and banks from their side are concerned the MSMEs to shift their accounting policies at higher quality level in order to create the level playing field in terms of dynamic competition leading to increased financial transparency, higher standards of living and better capital access; • Education: support CPDs, IPDs, translation of literature in accounting, financial reporting and audit via help of the international expertise • Entrepreneurship education in accounting necessity and raising public awareness: education at all levels should promote entrepreneurial behaviour in existing businesses and foster new generations of responsible business owners stimulating usage of accounting • Statistical information: regular collection of robust data on the presence and finding the jobs by the accountants and maintaining of the ranking of the relevant accounting departments of the Universities with highest and lowest scores; • Administrative Burden: “Think Small First”, needless regulations are cut for small business.