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Enterprise Size Category Guide

The guide will help you determine which category your company falls in and what responsibilities you have according to the new Law of Georgia on Accounting, Reporting and Auditing.

Business/Type activity

Annual Revenue (Consolidated if Group)

Assets at the year end (Consolidated if Group)

Average annual Staff (Consolidated if Group)

Your Results

The table below illustrates the company responsibilities solely in a financial standpoint and does not include any information regarding managerial and realized payments reports.
See the new law full text

Category	Framework of Preparing Financial Statements	Preparing Financial Statements	Presenting Financial Statements	Publishing* Financial Statements	Audit of Financial Statements
PIE	IFRS
I	IFRS
II	IRFS for SME
III	IRFS for SME
IV	Special Accounting Rules
NGO	Special Accounting Rules

_{* Publishing the Financial Statements is the Obligation of SARAS (Service for Accounting, Reporting and Auditing Supervision).}

_{_{The Business Guide is provided by BDO and is used as a general guide. For detailed information, please refer to the BDO specialists.}}