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.

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