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We are providing external audit services according to the Local and International Auditing standards. Our auditors are certified professionals with broad experience practically in all areas of business.
Local organizations are subject of compulsory financial audit except those which apply less comprehensive form of accounting. This relates to companies which fulfill at least two of the following three qualifying criteria:
1. The Book value of Assets for the previous year is below 1,5 Million Bulgarian Leva.
2. Net Sales Revenue for the previous year is below 2,5 Million Bulgarian Leva.
3. Average yearly number of personnel is below 50 employees.
In order to determine if a newly established company qualifies for financial audit you should apply and verify the company data in the year of registration.
Before you check if qualify for audit you should also take into consideration the following :
In case your organization is:
• Joint Stock company or Partnership Limited by shares
• Organization - issuer according the Law of Public offering
• Credit institution, Insurance or Investment Company
• Institution for additional volunteer pension insurance
• Enterprise subject of special Law requirement for audit
• Non-budgetary institution applying comprehensive form of accounting
• Company with consolidated financial reporting
than you are obliged to organize and perform independent audit.
