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

1. Grant Thornton Georgia
We help dynamic organisations unlock their potential for growth by providing
meaningful and actionable advice through a broad range of services
2015

2. Company Profile & Differentiators
Our Approach
Service Portfolio
Quality Control
Credentials

3. Global Team - Local Feel
Grant Thornton International's Worldwide Reach
Over 40,000 staff in 725 offices
in over 130 countries

4. 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

6. 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.

7. 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 1:10
This 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 1:15
This means less experienced service and fewer insights
from the in-the-know Partners.

8. 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.

9. Our team
 Chartered Certified Accountants
(UK certified)
 Certified accountants and auditors
 Licensed valuators
 MBAs, MPPAs

10. Geography of operations
Assignments in
 Georgia
 Armenia
 Tajikistan
 Kyrgyzstan
 Italy
 Uzbekistan
 France
 Italy
 Ukraine
 Russia
 Belarus
 Kazakhstan

11. Company Profile & Differentiators
Our Approach
Service Portfolio
Quality Control
Credentials

12. 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 Akhvlediani
Managing Partner

13. 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

14. 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.

15. 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.

16. 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

17. Company Profile & Differentiators
Our Approach
Service Portfolio
Quality Control
Credentials

18. Key service lines
Integrated solutions
Assurance TaxAdvisory
Outsource
accounting
Legal and
Policy Advice
Operational advisory
Transactional advisory
Dispute management advisory

19. 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.

20. 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).

21. 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.

22. 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.

23. 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.

24. Company Profile & Differentiators
Our Approach
Service Portfolio
Quality Control
Credentials

25. • 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

26. Company Profile & Differentiators
Our Approach
Service Portfolio
Quality Control
Credentials

27. Our Audit and Consulting Services are...
accepted by the projects and entities funded by
 World Bank
 USAID
 ADB
 MCC (Millennium Challenge Corporation)
 EU/ European Commission
 EBRD
 UN Agencies
 KFW
 SIDA

28. 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

29. 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.

30. 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

31. 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

32. 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)

33. Selected credentials
Other 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

34. 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

35. 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

36. Selected credentials
Asian 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

37. Selected credentials
Millennium Challenge Corporation
 Millennium Challenge Georgia Fund, Georgia
 Millennium Challenge Account - Armenia

38. 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

39. And many more…

40. Learn more about your career opportunities at
Grant Thornton:
http://www.youtube.com/watch?v=bWaf1eqTPqU
https://www.facebook.com/GrantThorntonGeorgia
https://www.linkedin.com/company/grant-thornton-
georgia

41. Grant Thornton Georgia
61 Aghmashenebeli Ave.
Tbilisi 0102, Georgia
T +995 (322) 604 406
F + 995 (322) 604 844
E info@ge.gt.com
W www.grantthornton.ge
Our contacts: