Internal Auditing in Georgia: History, Evolution and Perspectives

Levan Grigalashvili, Bidzina GrigalashviliI, Lasha Khoperia


Change of the economic and political system at the end of the last century led to the necessity of implementing reforms both in Georgia and the whole post-communist space in all fields of economy. It became necessary for proper management of economic activities of enterprises to establish the system of Independent audit which was alien to the planned economy. Post Soviet countries, including, Georgia, were facing a new challenge. They had to create the legislative base on the basis of which audit functioning would be possible. At the same time, this system had to be fit for market economy and commensurate to the international practice. Therefore, based on the above said, the given article will concern issues of internal audit in both public and private sectors.


Audit, internal audit, Financial control, Accounting, International auditing standards, reformation


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