Audit Archives | Sb Accounting & Consulting

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 [...]

What are the conditions for a company in Bulgaria to be obligated for a statutory audit?

Latchezar Georgiev2018-03-20T15:54:53+02:00February 24th, 2011|Accounting and Reporting|

In compliance with Art. 38., para 1 from the Bulgarian Law on Accounting : Unless the law provides otherwise, subject to an independent financial audit by certified auditors shall be the annual financial statements of the following legal entities: Joint stock companies and limited partnerships with shares; Companies that are [...]