GEORGIAN STATE AUDIT SERVICE: FINANCIAL STATEMENTS OF GEORGIAN MEDICAL HOLDING DO NOT TRULY REFLECT ITS FINANCIAL CONDITION

The financial statements, submitted by Georgian Medical Holding (state non-profit legal entity), do not accurately and objectively reflect its financial condition, Georgian State Audit Service indicates.

In its report (as of December 31, 2023), the Service says that the statements do not ensure thorough reflection and internal control of all economic events, contain discrepancies between actual and existing accounts receivable and accounts payable; do not present register of fixed assets and inventories specified in the accounts, etc.