With GEL18,5 mln consolidated revenues for the reporting year 2022, BDO once again secured the second place among the largest audit and business advisory firms in Georgia.
Information regarding the top firms within the industry was published by Commersant, drawing from data disclosed by audit and business advisory firms in their respective financial statements for the fiscal year 2022. Subsequently, the media outlet released a comprehensive ranking of top firms based solely on revenue generated from audit services, in which BDO claimed the 4th position.
Revenues from audit and business advisory services GEL‘000
| EY | 19,141 |
| BDO | 18,545 |
| PwС | 16,365 |
| KPMG | 11,987 |
| Deloitte | 10,239 |
Revenues generated solely from audit services GEL‘000
| PwС | 11,242 |
| EY | 10,813 |
| KPMG | 8,177 |
| BDO | 5,830 |
| Deloitte | 2,294 |
In recent years, audit and accounting firms have witnessed a significant evolution in their service offerings, with a notable surge in the demand for business advisory services. This trend underscores a fundamental shift in client expectations and market dynamics, as businesses seek more than just compliance-driven solutions. Therefore the implications of this trend on the audit industry landscape are immense.
BDO keeps constant watch over the changing demands of business. We’ve seen how the growing complexity of business operations has heightened the need for specialized expertise and industry knowledge, which BDO, as an audit and business advisory firm, is uniquely positioned to provide. With a deep understanding of financial processes, regulatory frameworks, and market trends, we are well-equipped to offer tailored advisory services that address the specific needs and objectives of business. In view of such development, BDO has long shifted into the role of business adviser rather than merely a service provider for our clients.
Our increased focus on technology opens an array of new opportunities beyond the professional service offering. Creating value for the client is at the heart of how we do things at BDO. By leveraging advanced analytics tools, smart technologies and digital platforms, we offer innovative solutions that help businesses enhance their decision-making processes and drive sustainable growth.
As businesses continue to navigate an increasingly complex and uncertain environment, the role of audit and accounting firms in providing strategic guidance and insights will only become more critical in the years to come.
BDO continues to invest in talents and technology, as well as integrate sustainable development principles within the business model, to provide our clients and communities with quality services and effective solutions.
About BDO
BDO, audit and business advisory, is a member of BDO international network. Operating on Georgian market since 1999, with 11 partners and over 250 employees, BDO extends professional service offering in almost all industries to mid-tier market as well as large corporations locally and internationally.
The BDO global network provides business advisory services in 166 countries, with 115,000 people working out of 1,776 offices worldwide.
Our services
BDO offers the most diverse services to the clients with exceptional local resources, unique market knowledge and expertise, which makes us one of the largest firms in Georgia and the region.