Audit in Bulgaria

An audit is an independent opinion on a company’s annual financial statements. Whether your company needs one depends on its size and its legal form, and you should confirm your position with a registered auditor before the year end rather than after it. Lenders, investors and parent companies abroad can also ask for audited accounts even when the law does not.

Auditors in Bulgaria work under a professional regime, so look for a stated registration or qualification in the profile. Ask whether the audit team also keeps your books, how independence is handled, how long the work takes and whether the report can be provided in English next to the Bulgarian version.

43 firms list audit: 40 accounting firms and 3 corporate services providers. Bulgarian is offered by 37 and English by 33. Compared with other services, the group has more medium and large firms: 13 medium and 5 large networks, next to 25 small practices. Manufacturing is named by 9 firms and construction by 6. The Bulgaria guide sets out the other obligations of a company.