ქართული (საქართველო) English (United Kingdom)

IFRS – Implementation

General description

The amendments introduced to the accounting, reporting and auditing law in 2016 required the companies to prepare their financial statements in accordance with the IFRS standards.

In view of the aforesaid, the companies have faced the need for transformation of the existing accounting system to the IFRS standards.

We offer

analysis of the accounting system available in the company; elaboration of the control mechanisms and transformation of the accounting system to meet the IFRS standards, as well as assistance in the audit process;

    • company’s accounting system analysis
    • elaboration of the company’s control mechanism procedure
    • development of the accounting policy in accordance with the  IFRS standards
    • transformation (adjustment) of the company’s starting balance to meet the IFRS standards
    • preparation of financial statements in accordance with the IFRS standards
    • retraining of the financial service staff
    • assistance in the financial audit process
    • support in preparing an activity overview report in accordance with the Law on Accounting, Reporting and Auditing.
    • follow-up monitoring

As a result, you will get

the accounting system that will meet the IFRS standards and well-organized business processes; you will be able to adequately assess the risks, which will further help you make right decisions, as well as will make it easier for you to communicate with both, the local and international investors;