Grant Thornton GeorgiaWe help dynamic organisations unlock their potential for growth by providing meaningful and actionable advice through a broad range of services

2015

Company Profile & DifferentiatorsOur ApproachService PortfolioQuality ControlCredentials

Global Team - Local Feel Grant Thornton International's Worldwide Reach

Over 40,000 staff in 725 offices

in over 130 countries

Grant Thornton International

One of the world's leading accountancy networks of independent assurance, tax & advisory firms

Organization with over 30 years of dynamic growth (founded in 1980) and strong reputation of providing first class professional services

Annual global revenues around $4.7 billion

Global recognition

International Accounting Bulletin announced Grant Thornton as winner of the 2014 "Employer of the Year" for outstanding Global Talent Mobility Programme, Advanced Manager Programme and Leadership Foundation Programme.

Managing Partners' Forum, professional body for value of leadership and management excellence, has named Grant Thornton "Best Managed International Firm", recognising the strength of our global strategy, as well as leading the major global accounting networks in revenue growth for the last two years.

International Accounting Bulletin announced Grant Thornton as "Network of the Year " for our strategic drive, global leadership and remarkable growth around the world. 

Grant Thornton differentiators

Key drivers for choosing Grant Thornton:

1. Red carpet client service and better understanding of organizations like yours

2. Personalized relationships with client

3. Seamless transition

4. Unparalleled responsiveness

5. Proactive and timely issue resolution

6. Global coordination and single point of contact locally

7. Business advisors in place outside of the engagement

Grant Thornton’s ratio of member firm Partners to professional staff is 1:10This allows us to provide personal attention, experienced personnel and strong engagement leadership.

The average ratio of Partners to professional staff at the Big Four firms is 1:15This means less experienced service and fewer insights from the in-the-know Partners.

Grant Thornton Georgia at-a-glance

Fast facts as of January 2015

Revenues US$1mln

Personnel 40

Partners 2

Offices 1

Founded in 2005 A Grant Thornton International network firm Setting new benchmarks of service excellence Responsiveness. Differentiation. Quality. We are multi-professional group of public accountants and auditors,

advisers specializing in finance, business and management, as well as tax and legal advisers

We unite experienced international and local professionals working at our office in Tbilisi

We have a track record of servicing local and international clients focusing on health, social, human rights, environmental issues, etc.

Our team

Chartered Certified Accountants (UK certified)

Certified accountants and auditors

Licensed valuators

MBAs, MPPAs

Geography of operationsAssignments in

Georgia Armenia Tajikistan Kyrgyzstan Italy Uzbekistan

France Italy Ukraine Russia Belarus Kazakhstan

Company Profile & DifferentiatorsOur ApproachService PortfolioQuality ControlCredentials

We combine the international reach, depth

and expertise of the largest firms with the personal

attention, value for money focus and relationship approach of the smaller firms. This approach has made us the leading firm

with the most trusted business advisors in each

of our chosen markets.

Zviad AkhvledianiManaging Partner

Resources and skills

long term experience in auditing and consulting of large enterprises, projects and publicly listed entities

access to the resources of Grant Thornton International worldwide

solid understanding of the specifics of Georgian economy

experience in working in multinational teams

ACCA members, IFRS, US GAAP, USGAGAS specialists available

ISACA Information Systems Audit and Control Association members - CISA (Certified Information Systems Auditor) and CISM (Certified Information security Manager) qualified specialists

motivated and dedicated staff

flexibility of work arrangements

Registrations

Grant Thornton is registered with • DACON• UN Global Marketplace (UN System)• EBRD - Outside Counsel• EBRD - Direct Investment Facility and other major databases of consultants

Grant Thornton member firms around the world are registered with the PCAOB (Public Company Accounting Oversight Board) that oversees the auditors of US

public companies.

Education and Grant Thornton Georgia

Our staff continuously enrich their qualification and skills through participation in educational and training programs provided by GTI and designed locally.

We extensively cooperate with local universities by organizing lectures and seminars, internship and employment opportunities to distinctive students.

Corporate Social Responsibility

Grant Thornton Georgia has made CSR an integral part of its life. We make our contribution to the community via participating in socially significant events:

Trainings, conferences, expos and other educational activities aimed at supporting the dynamic growth of young professionals

Sponsorships of cultural and sports activities Cleaning and greenery events Marathons for charity

Company Profile & DifferentiatorsOur ApproachService PortfolioQuality ControlCredentials

Key service lines

Integrated solutions

Assurance TaxAdvisoryOutsource accounting

Legal and Policy Advice

Operational advisoryTransactional advisory

Dispute management advisory

Assurance

• agreed upon procedures• audit of financial statements prepared according to International Financial

Reporting Standards (IFRS), US GAAP and other financial reporting frameworks

• audit of statutory financial statements • IT assurance framework (ITAF) - information technology auditing standards,

guidelines and procedures (ISACA)• review of financial statements.

As statutory auditors we prepare reports to shareholders as required by the law and attend the annual meetings of shareholders.

Methodology

• GT Horizon and ISAs using GT Voyager

• Requirements of IFRS, US GAAP, IPSAS and other financial reporting frameworks

• ISACA created COBIT (Control Objectives for Information and related Technology).

Advisory

Operational advisory• Business risk services - special attestation services, internal audit, governance

and risk management, risk modelling services• Business consulting services - operational improvement, change and program

management, IT management, business intelligence & analytics

Transactional advisory• Transaction services - M&A advisory, due diligence, valuations, capital markets:

acting as nominated advisory or sponsor• Restructuring and recovery - advisory on corporate restructuring

Dispute management advisory• Forensic investigations - digital forensic services: data analytics.

Tax advisory and Outsource accounting

Tax advisory• Advisory on all aspects of corporate tax strategy development and tax planning,

tax issues arising from formation or acquisition of a company, providing an overview of local and international perspectives.

Outsource accounting• Range of services from set up of accounting systems and regular account

maintenance to provision of interim reviews of the accounts and preparing budgets and monthly or quarterly reports. As accountants we also prepare year-end financial statements and all tax returns and other mandatory reports.

Legal and policy advice

Wide spectrum of corporate legal consultancy, including:

• incorporation and liquidation matters • legal representation• litigation• ad-hoc legal advice• provision of legal opinions• execution of due diligence• structuring deals from a legal viewpoint.

We also provide law drafting services to our clients.

Company Profile & DifferentiatorsOur ApproachService PortfolioQuality ControlCredentials

• Quality Assurance and Ethical Polices are implemented through Ethics and Quality Control Manual (EQCM)

• EQCM is constantly updated through regular communications

• Member firms' independence is ensured through automated independence tracking systems

•Audit engagements are subject to Internal Quality Control Reviews as stipulated by GT Internal Engagement Quality Review Policies developed based on GT Methodology and International Standards on Quality Control (ISQC).

Quality control

Company Profile & DifferentiatorsOur ApproachService PortfolioQuality ControlCredentials

Our Audit and Consulting Services are... accepted by the projects and entities funded by

World BankUSAID ADBMCC (Millennium Challenge Corporation) EU/ European CommissionEBRD UN AgenciesKFW SIDA

Industries

International Financial Institutions and donor-aided projects financial institutions – national and commercial banks, micro-finance

organizations, insurance companies food and beverages high tech and IT mining diamond cutting construction transportation public utilities telecommunications energy civil aviation hospitality retail agriculture

Industry credentials

national and commercial banks credit organizations and insurance companies publicly listed entities and their subsidiaries funds, NGOs IFI projects (World Bank, ADB, MCC, EBRD, KFW, USAID, SIDA, etc) large private and state owned companies foreign representations, subsidiaries.

Selected credentials Financial institutions

Banks Central Bank of Armenia National Bank of Kyrgyzstan KOR Standard Bank Emporiki Bank Intellect Bank Anelik Bank Areximbank Ardshininvestbank Artsakhbank Converse Bank ACBA Credit Agricole Bank Prometey Bank Mellat Bank

HSBC Bank VTB BTA Armeconombank Armbusinessbank Ararat Bank Unibank Armswissbank Bank Kievskaya Rus Anelik Bank RU Tajprombank Tojiksodirotbank Eskhata Bank

Selected credentials Financial institutions (cont.)Insurance and brokerage companies• Cascade Insurance• Rasco Insurance• Rosgosstrakh • Reso Insurance• London Yerevan Co Ltd • Ingo Armenia• SIL Insurance

Investment, payment and other companies• Renesa• Armenian card• Mobidram

Stock market, depository • NASDAQ/OMX (Stock Exchange, Central

Depository)

Microfinance and Credit organizations• Geo Capital MFO• SEF International UCO • ACBA Leasing UCO • First mortgage company UCO • Fast Credit Capital UCO • Izmirian Eurasia• Aregak UCO• FINCA UCO • Nor Horizon UCO• NORVIK UCO• National mortgage company

Refinancing CO

Selected credentials Telecommunications

• France Telecom Group (Orange)

• K Telecom CJSC (Viva Cell / MTS)

• Armencell

• Intracom (parent is listed at Athens Stock Exchange)

• Alcatel Trade International AG Representation Office – Georgia and Armenia

• Beeline (Armentel)

Selected credentialsOther public and private entities

• Georgian Railway • Georgian Co-Investment Fund• Partnership Fund • Rustavi Azot• Enguri HPP• FC Dinamo Tbilisi• Dinamo Arena• Rustaveli Property• Borjomi Likani International• KMG Service Georgia• AS 24 (TOTAL Group)• Ascott International • Ulaanbaatar Railway • South Caucasus Railway

• Georgian State Electrosystem• Energotrans• Georgian Wines and Spirits• Georgian Resource Company• Geofizyka Krakow• EXALO• FREY WILLE• Ararat Gold Recovery Company • Deno Gold Mining Company • Yerevan Jewellery Plant• Armenian Copper Programme • Glass World• Mining• Nairit Chemical Plant

Selected credentials Other public and private entities (cont.)

• Jermuk International – Pepsi bottler• Iberia Refreshments – Pepsi bottler• Philip Morris Management Services B.V., Representative Office• Castel Sakartvelo • Ashtarak Kat• Euroterm • Yerevan Brandy Company• Pernod Ricard Minsk • Pernod Ricard Ukraine • Pernod Ricard Kazakhstan • Hovnanian International• Armenia International Airports• Tajik Aluminum Company

Selected credentials The World Bank

• Municipal Development Fund of Georgia• Social Investment Fund Project• Education System Strengthening and Realignment Project• Regional and Municipal Infrastructure Development Project • Irrigation and Drainage Community Development Project• Health Sector Development Project• Centre of Enterprises Restructuring Management Assistance (CERMA) • Tbilisi Water Supply and Sanitation Project• Electricity Market Support Project • Khudoni Hydropower Infrastructure Pre-Investment Facility Project

Selected credentialsAsian Development Bank

• Municipal Service Development Project, Georgia• Sustainable Urban Transport Investment Program , Georgia• State Committee on Investments and State Property Management of the

Republic of Tajikistan, Tajikistan• Armenian Roads Directorate Non-Commercial State Organization• Ministry of Natural Resources of Kyrgyz Republic • Investing projects Implementation Unit Building up of Yerevan

Selected credentials Millennium Challenge Corporation

Millennium Challenge Georgia Fund, Georgia

Millennium Challenge Account - Armenia

Selected credentials Non-profit organizations

• Transparency International Georgia • East-West Management Institute • Georgian Research and Development Foundation• Heifer Project International• World Vision• Caucasus Environmental NGOs Network (CENN)• Coalition for Independent Living (CIL)• World Wide Fund (WWF)• GEM Foundation, Italy

And many more…

Learn more about your career opportunities at Grant Thornton:

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Grant Thornton Georgia61 Aghmashenebeli Ave.Tbilisi 0102, GeorgiaT +995 (322) 604 406F + 995 (322) 604 844E info@ge.gt.comW www.grantthornton.ge

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