Project in the Republic of Georgia
Enterprise Assessments – Directed a team that performed financial evaluations of the six most important companies (Telasi, Sakenergo Generatsia, Sakenergo, Saktransgas, Saknavtobi, Georgian Gas International Company) within the energy sector (utilities, gas and oil) to determine an appropriate course of action for interested donor and investment groups. The companies involved were engaged in the production of natural resources as well as the generation, transmission and distribution of electricity. This USAID project examined the feasibility of completing a certified financial audit or alternative procedures for these energy companies in Georgia. The final report described the state of financial recordkeeping at the companies along with attendant problems and recommendations for further steps toward privatization. Possible follow-on engagements that were identified included a Report on Internal Control and limited Operational and Management Audits.
See file for written Project Reference.