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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 [...]

Bulgaria Highlights

Currency: Bulgarian Lev (BGN) Foreign exchange control: No, but some reporting requirements apply. Accounting principles/financial statements: Bulgaria applies IFRS as a statutory accounting basis. Only certain entities are entitled to opt to apply the national financial reporting standards for small and medium-sized enterprises. Principal business entities: These are the limited [...]