On 13th of May, the Association of Accountants participated in the assessment of accounting, reporting and auditing oversight legislation. Ilia State University, commissioned by the Center for International and European Economic Law (CIEEL) in Greece, is implementing a project to assess the impact of regulatory legislation on accounting, reporting and auditing. Mention the design that describes the accounting data, reports, and scope of the audit to be corrected and the appropriate recommendations made. The project and its results will assist the sub-agency of the Ministry of Finance of Georgia - Accounting, Reporting and Auditing Supervision Service (SARAS), to evaluate the reforms implemented in this area and also to improve the changes in the legislation.