Briefings · Period-end visual briefing
Printed pack and a sitting
Period-end visual briefing
Whom it is for
Finance directors, company secretaries, and chairs who must put a set of IFRS statements in front of a board or audit committee that will not have a second morning. The typical client is a Georgian public-interest entity, a listed issuer, or a regional group whose parent still has to understand the local close. The briefing is for people who sign, not for people who already live in the ledger.
What you receive
A bound visual briefing of the period. The face of the statements is redrawn so income, cash, and the statement of financial position can be read against one another. Material movements are ranked. Notes that change the story of a line — revenue, leases, expected credit loss, related parties, going concern — are given their own pages, with the numbers from the face carried across. A one-page list of questions the committee would be reasonable to ask is included at the front.
The result of a completed engagement is that the sitting can spend its time on those questions rather than on finding the relevant note.
Scope
Included: reading of the draft statements and notes; comparison with the prior period and with the latest approved budget or forecast you supply; a visual map of material variances; a drawn reading of the significant accounting policies actually applied; attendance at one sitting of up to three hours to walk the pack; a short addendum if the committee asks for a page to be redrawn within five working days of that sitting.
Excluded: bookkeeping, preparation of the statements themselves, audit opinion work, valuation reports, and tax computations. We will not rewrite management’s numbers. If a figure in the draft cannot be reconciled to the trial balance you send, that gap is marked on the page rather than smoothed over.
Who does the work
A reporting reader from the Kostava Street practice leads the engagement. That person marks the draft, draws the pages, and attends the sitting. A second reader checks the pack against the statements before it leaves the office. Names and backgrounds are on the practice page.
How the days run
You send the draft pack, the trial balance, the last management letter, and the sitting date. We confirm within two working days whether the papers are complete enough to start. Days three to eight are spent reading and drawing. A pencil draft of the briefing is sent for a factual check — names, entity list, period-end date — not for rewriting the questions. The bound pack is delivered at least two working days before the sitting, unless you have asked for a shorter fuse and we have agreed it in writing.
Time and place
Ten working days is the ordinary calendar when the draft is complete. Fifteen is used when the group has several significant subsidiaries or when it is the first year as a public-interest entity. Work is done in Tbilisi. The sitting can be in your board room or at our desk on Kostava Street. A video link can be used for one or two directors who cannot travel; the pack is still printed and sent ahead.
What you prepare
A complete draft of the statements and notes, even if still watermarked; a trial balance that ties; a list of entities and functional currencies; the date and length of the sitting; and the names of those who will receive the pack. If SARAS filings or listing particulars are in play, send those too. Incomplete drafts delay the calendar; we do not invent missing notes.
Constraints
We will not issue a briefing that contradicts the draft you have given us. If management later changes a number, the page is redrawn only if time remains before the sitting. We do not attend an audit clearance meeting in place of the auditor. Capacity is limited around 31 December and 30 June closes.
Price
Quoted per close, from the tariff on the rates page. The quote states the number of entities, the sitting length, and whether a Georgian sitting copy is required. A portion is payable when we accept the papers; the balance before the pack is bound.
Next step
Write with the sitting date and the state of the draft. If the date is already in the diary, say so in the first line. We reply within three working days with either a quote or a list of the papers still needed.