The development of modern economy and market demands has led to the necessity of legislative basis and introduction of new control mechanisms. Audit and State Audit Service have been established as one of the most important mechanisms of control in developed countries. This successful practice resulted Georgia's development of audit. The Law on Audit has been adopted, which has differentiated mandatory and voluntary types of audits conduction. The article "Analysis of Accounting and Control in Georgia" discusses the legislative and normative acts of regulation of accounting and control, key issues of control in organizations activity, issues of improvement for accounting and control regulation. Also discusses the issues of improvement of the united system of financial control. The 2015-2017 survey report presented by us is an analysis of the condition and challenges of the internal financial control system and the hindering factors of its development. At the initial stage of the survey, a detailed scheme of selection has been made up, which included the organization selected for characterization of internal financial control. We have emphasized problems on one hand and -best practices, on the other. We discussed issues that are equally problematic for organizations. The relevance of the topic of the article is caused by problematic issues related to the control in the institutions. Successful business is impossible without finance control and management skills. Although the Audit Service has been set up, which replaced the Chamber of Control, a united system of control and monitoring of budget funds has not been established yet. Control, which is mainly undertaken by state structures, are characterized by the necessity of detecting and eliminating of violations. Whereas while the conclusion of the results of audit account of the financial accountancy, the issuance of recommendations and of negative feedback in case of certain circumstances is done.

The paper describes the governmental activities for business support carried out by Georgia and foreign developed countries. The comparative analysis and the effectiveness of the results of the implemented measures have been presented and analyzed. The situation in Georgia has been highlighted and better opportunities of the support for small and medium-sized enterprises in our country have also been identified and presented in the given paper. State support for entrepreneurial activity is the deliberate creation of legal and economic conditions and incentives by the state for business development in the country. According to entrepreneurs, it is the state's responsibility to create all the conditions for business development in the country and also to assist the entrepreneurs in achieving their goals, such as maximizing profit, investment efficiency, risk minimization, entrepreneurial security, protection of property rights etc.

The functioning of transnational corporations requires correspondence with the economic structure and infrastructure within the operated country. Important segment is accounting and control, with deep understanding issues of continuous improvement, integration and compatibility. These directions require a harmonization, in terms of functionality and standardization. Within Monograph, are highlighted problems associated with the adaptation of the world practice of accounting and control in the mechanism of management of transnational corporations. The deductions of analysis, for Georgian legislation and practice assures improvement of accounting and control methods. Monograph is focused on the acquisition of specialized doctoral programs in the field of business administration. It will also be useful to practitioners of modern financial management, professionals involved in the field of accounting and auditing to ensure efficient economic activity.

In the Manual „Financial Statement Audit” are established components and elements of financial reporting in the private and public sectors. In the Manual are reviewed the following issues: International Financial Reporting Standards (IFRS); International Public Sector Accounting Standards (IPSAS); Financial Statement Audit Regulation Practices and Standards; Electronic system of public finance management and accounting in the electronic service system of the state treasury; PEMPAL - Public Expenditure Management Peer Assisted Learning and PULSAR -The Public Sector Accounting and Reporting Program; Peculiarities of Financial Statement Audit and issues related to it. The Manual `Financial Statement Audit” is focused on mastering the business administration profile doctoral educational programs. It will also be useful for modern financial management practitioners to ensure effective entrepreneurial activities.

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