Entities were fined GEL 735,000 for not performing required financial statements
68 companies have been fined for not performing financial statements by the Service for Accounting, Reporting and Auditing supervision of Georgia.
56 entities were fined for not performing the required financial statements, 6 entities - for non-audited financial statements and 6- for submitting incomplete statements
The Service for Accounting, Reporting and Auditing supervision operates since 2016.
The entities are divided into 4 categories and all of them shall report its financial statement, consolidated financial statement and audit report of the year 2017 to the Service for Accounting, Reporting and Auditing Supervision Subdivision of the Ministry of Finance of Georgia. The category of entities is determined by turnover, assets and number of employees.