About GFPAA

Georgian Federation of Professional Accountants and Auditors

About GFPAA

Brief History of the Organization

Georgian Federation of Professional Accountants and Auditors was formed from merger of Georgia Club of Accountants (established in December 1996) and the Georgia Association of Accountants (established in April 1996) in April 1998. GFPAA was officially registered on May 5, 1998 as union (association) according to the Civil Code of Georgia.

Currently GFPAA is the first self-regulated professional organization in Georgia. On February 5th, 1999, the Parliament of Georgia passed a Law on Regulation of Accounting and Reporting. The law recognizes "independent professional organizations of accountants" and specifies that they are eligible to: (a) develop interpretations of IAS; (b) prepare accounting and reporting recommendations on those accounting issues that are not regulated by IAS; (c) upgrade qualifications of accountants and certify professional accountants.

Mission of the GFPAA

The goal of the Georgian Federation of Professional Accountatns and Auditors is to unite and channel the efforts of accountants and auditors in order to:

Develop the profession and promote the Accounting and Audit Reform in Georgia;

Eestablish International Standards and practice in Accounting and Auditing;

Promote the development of professional education;

Protect the common interests of the Federation members.

Cooperate with the governmental and public organizations, enterprises and institutes as well as individuals on the territory of Georgia and outside it on issues related to the charter objectives of the Federation;

Ensure the provision of the Federation members with the necessary information and consultations.

Inform the public on the Federation activities.

Defend the common interests of the Federation members

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	Develop the profession and promote the Accounting and Audit Reform in Georgia;
	Eestablish International Standards and practice in Accounting and Auditing;
	Promote the development of professional education;
	Protect the common interests of the Federation members.
	Cooperate with the governmental and public organizations, enterprises and institutes as well as individuals on the territory of Georgia and outside it on issues related to the charter objectives of the Federation;
	Ensure the provision of the Federation members with the necessary information and consultations.
	Inform the public on the Federation activities.
	Defend the common interests of the Federation members