IFRS Implementation
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IFRS Services

IFRS Implementation

Amendments made to the Law of Georgia on Accounting, Reporting and Auditing in 2016 made it mandatory for companies to prepare their financial statements in accordance with International Financial Reporting Standards (IFRS). Consequently, companies now face the necessity of transforming and aligning their accounting systems with IFRS standards.

What We Offer:

  • We examine your company’s existing accounting system, develop necessary control mechanisms, transform the accounting system to IFRS compliance, and provide full support throughout the external audit process.
  • Analysis of the company’s current accounting system
  • Development of procedures for internal control mechanisms
  • Creation of an accounting policy in compliance with IFRS standards
  • Transformation (restatement) of opening balances to IFRS requirements
  • Preparation of financial statements in accordance with IFRS
  • Training and professional development for the financial department staff
  • Full support during the external financial audit process
  • Assistance in preparing the Management Report (Activity Review) in compliance with the "Law on Accounting, Reporting and Auditing"
  • Post-implementation monitoring and ongoing support

As a Result, You Will Receive:

An accounting system fully compliant with IFRS standards and optimized internal processes. You will be able to accurately assess financial risks, which will support effective decision-making in the future and facilitate seamless communication with both local and international investors.

Ready For Transformation?

Our experts are ready to develop a tailored strategy that fully addresses the specific needs and challenges of your business.

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