New Requirements for Companies Which Are Subject to Statutory Independent Audit

New Requirements for Companies Which Are Subject to Statutory Independent Audit

As of 2016, there has been changes in the quantitative criteria regarding the statutory financial audit. These changes shall be applicable for the publishing of the financial statements for year 2016 and they are as follows:

 

Audit requirements Old legislation New legislation
Balance value of assets 1 500 000 BGN 2 000 000 BGN
Net income from sales 2 500 000 BGN 4 000 000 BGN
Average number of employees 50 employees 50 employees
2018-03-20T15:54:45+00:00 July 5th, 2016|Accounting, Changes in Legislation, Clients Showcase|

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