Auditing/financial/accounting services

Holding “Geosilkroad” offers audit services with its subsidiary company “Georating”. Our specialists have the deepest knowledge of the industry and are using global resources to provide clients with complete service.

To achieve success in business, it is necessary to periodically conduct audit in different fields. In certain cases companies face problems in terms of accuracy of financial statement. The best solution to such situations is the financial audit that implies:

  • Mid-term and final review of financial statement
  • Audit / review of individual components of financial statement
  • Predicting various financial characteristics of the company

Our service is based on IFRS – International Financial Reporting Standards and ISA – International Standards for Audit, which allows us to carry out a wide range of business processes.

The report compiled in accordance with International Financial Reporting Standards is transparent and informative for foreign investors and paves the way for Georgian companies to the international market.

Success of the company mainly depends on the right and effective management. The history of business is full of examples when initially successful companies with good initial conditions, stopped their existence due to faulty management.

Holding “Geosilkroad” offers a complete financial service, including financial risk assessment for investment projects.

Accounting includes the following:

  • Providing consultations for preparation of initial documents by the company;
  • Review of initial documents presented by a client and registration of the documents in the accounting software;
  • Calculation of taxes in line with the requirements of the tax laws of Georgia;
  • Preparation and submission of tax returns and any other forms provided for by the legislation;
  • Providing consultations on current bookkeeping issues;
  • Preparation of internal reporting forms of a wide range for the management and shareholders (partners) of a client;
  • Other services, which are necessary for the provision of a full package of accounting services, in accordance with local and international standards in effect in Georgia;
  • Improvement of a flawed accounting system and restoration of accounting data (including but not limited to providing consultations for optimization of the accounting system of a client);
  • Keeping record of salaries of employees, and preparation of tax declarations;
  • Creation of specific accounting modules, if requested by a client;
  • Providing consultations on the accounting policy of a company;
  • Preparation of financial statements in accordance with the Laws of Georgia, and also in line with the International Financial Reporting Standards (IFRS) and IFRS for SME-s;
  • Protection of interests of a client in the controlling (tax) agency in the course of a planned or non-planned tax revision.