The Professional Foundation of Forensic Accounting in Georgia The credibility of forensic accounting in Georgia rests on the institution of the certified accountant, defined by the Law of Georgia on A
Accounting ServicesWho Is Subject to the Audit of Financial Statements The coordination of an external audit begins with the question whether your organization is required by law to have one. Under Article 6 of the Law
Accounting ServicesIntroduction: The Role of Internal Audit in Business Sustainability In the modern Georgian business environment, where competition is high and regulations are constantly evolving, internal audit servi
Accounting ServicesThe Appointment of the Expertise and Its Place in the Dispute Forensic accounting — a accounting-and-economic expertise — is governed by the Civil Procedure Code of Georgia. Under Article 162, where a
Accounting ServicesLegal Foundations of Accounts Payable and Receivable In Georgia, accounting and financial reporting are governed by the Georgian Law on Accounting and other normative acts, unless a normative act regu
Accounting ServicesThe Legal Basis of Monthly Bookkeeping in Georgia Monthly bookkeeping in Georgia is not merely a practical routine but a legally loaded discipline: the Law of Georgia on Accounting and Financial Repor
Accounting ServicesThe Essence and the Obligated Entities Management reporting — in the language of the law, the governance report — is an obligation of public-interest entities and of first and second category enterpri
Accounting ServicesIFRS reporting in Georgia is governed by the Law of Georgia on Accounting, Financial Reporting and Audit. The law establishes the legal grounds for accounting, financial and management reporting, repo
Accounting ServicesFoundations of Bookkeeping Financial statement preparation begins with properly kept accounting records: the entity keeps its accounts on the basis of natural units of measurement, in generalised mone
Tax AdvisoryHow a Customs Authority Decides on an ApplicationArticle 16 of the Customs Code governs the way a customs authority adopts a decision on the application of Georgian customs legislation, submitted by a
Tax AdvisoryThe Essence of Tax Compliance AdvisoryTax compliance means the complete fulfilment of the obligations established by tax legislation — timely filing of declarations, correct computation of taxes and p
Tax AdvisoryThe Essence of the Current Payments SystemThe Tax Code of Georgia obliges enterprises and entrepreneur individuals to pay part of the annual tax during the year, in the form of current payments, into
Tax AdvisoryWhat a Tax Declaration Is and Who Must File ItA tax declaration is the official report a taxpayer submits to the tax authority, showing taxable income, deductions and the tax due. Under Article 153, p
Tax AdvisoryThe Foundations of Annual Business DeclarationBusiness tax preparation in Georgia rests on the declaration obligations established by Article 153 of the Tax Code: a declaration on income or profit tax
Tax AdvisoryThe Individual's Declaration ObligationIndividual tax preparation in Georgia rests on the rules of Article 153 of the Tax Code: a declaration on income tax is submitted to the tax organ by resident ph
