Audit companies in Georgia: the leaders in terms of revenue for the year 2019
In Georgia, companies that represent public interests and those that are classified under categories 1 and 2 (large enterprises with revenues exceeding 10 million GEL) are required to publish their annual financial statements. As of mid-2020, the financial statements of audit companies have already been published, and we are able to provide an overview of the audit companies in Georgia which have recorded the highest revenues in the year 2019.
It should be noted that leaders in the ranking in 2018 were the representatives of global brands operating in the country.
Audit companies in Georgia receive income from various sources, in particular from consulting services, preparation of financial statements, market analysis, etc.
In 2019, the total income of the 15 largest audit companies in Georgia amounted to 43 million GEL, which is 5.6 million GEL (+ 14.9%) more than in 2018.
Audit companies in Georgia – top performers of 2019
Below is the list of audit companies in Georgia that have recorded highest financial performance results in terms of revenue in 2019:
| No. | Name | Revenue for the year 2019, GEL | Growth / decline compared to the year 2018 |
| 1 | Ernst & Young | 10 379 197 | +27,3% |
| 2 | PWC | 8 880 175 | +15,6% |
| 3 | KPMG Georgia | 6 414 222 | -0,7% |
| 4 | BDO | 5 678 808 | +22,2% |
| 5 | Deloitte and Touche | 3 373 042 | -28,7% |
| 6 | Nexia TA | 1 479 774 | +43,7% |
| 7 | PKF Kaizen | 1 350 762 | +67,0% |
| 8 | RSM Georgia | 1 225 850 | +8,9% |
| 9 | Grant Thornton | 1 202 419 | +0,7% |
| 10 | Baker Tilly Georgia | 758 905 | +24,6% |
| 11 | ECOVIS ATA Finance | 734 475 | +110,2 |
| 12 | Crowe Horwath GE | 474 714 | — |
| 13 | Consulting Group G-S | 435 706 | +58,4 |
| 14 | Moore ABC | 345 432 | +20,3 |
| 15 | Prestige-Audit | 323 048 | +182,7 |
Only 2 companies ( KPMG Georgia and by Deloitte and Touche ) among the top 15 entities, have demonstrated lower performance results compared to the year 2018, and the highest “record” income was recorded by Prestige – Audit and ECOVIS ATA Finance . They were able to increase their annual revenue by over 100%.
If you are interested in audit services or preparation of financial statements in Georgian companies, contact us [email protected]. We also provide a full range of services for setting up a business in Georgia:
- preparation of constituent documents;
- selection of the optimal tax regime;
- company administration, including preparation and filing of tax reports;
- legal support of business operations.
Tags: #Audit of companies in Georgia #Georgia
