SARAS representatives participated in the event held as part of BARTA 2024, where the jury’s feedback was shared and emphasis was placed on the preparation of quality reports

The World Bank, in partnership with the Accounting Reform's Stakeholders' Foundation (RSF), has announced the opening of the 2024 Annual Report and Transparency Award (BARTA). The BARTA awards ceremony will take place in December 2024.

BARTA was established in 2019 as part of a joint project of financial engagement and accountability between the EU and the World Bank. Holding this annual competition has already become a valuable tradition, as it aims to improve the quality of reporting and transparency of Georgian companies, taking into account the European and global context.

As part of BARTA 2024, the event organizers held an information meeting for the target audience - the first category enterprises/groups and Public Interest Entities (PIEs) participating in the competition and those who would like to participate - in order to share the experience and findings of the previous year. Representatives of SARAS attended the event, where SARAS focused on the inconsistencies revealed by the review of financial statements and the characteristics of quality financial reports, as well as the importance of timely reporting.

It should also be noted that from 2023, BARTA has been extended to the first category enterprises and groups, as well as to all Public Interest Entities (PIEs), including all companies in the A and B listing categories. 

The deadline for companies to apply is 31 October 2024.
This year, a Best Sustainability Report Award will be added to each of the main categories in order to highlight the rapid development of sustainability reporting process. The organizers expect reports to be prepared according to an established international framework, such as the European Sustainability Reporting Standards (ESRS).