Services
Assurance services for companies with statutory, contractual, or donor-driven audit requirements.
Statutory Audit
We conduct statutory financial statement audits in compliance with Bulgarian Commercial Law and the Independent Financial Audit Act, applying International Standards on Auditing (ISA). Our audit opinion provides shareholders, management, and regulatory bodies with independent assurance on the fairness of financial reporting.
Who needs it
- Companies meeting two of three statutory thresholds: total assets >1M BGN, net revenue >2M BGN, average employees >50
- All joint-stock companies (AD)
- Subsidiaries with parent company obligations
What is delivered
- Independent auditor’s report
- Management letter with observations and recommendations
- Audit documentation retained per ISA requirements
Typical outcomes
- Clean regulatory compliance for annual filing
- Improved financial process quality
- Credibility with banks, investors, and group HQ
Review Engagements
A review engagement provides limited assurance — a meaningful step below full audit — for companies that need independent scrutiny of financial information without the scope of a statutory audit. Commonly used for interim reporting, bank covenants, or internal group requirements.
Who needs it
- Companies with bank or investor reporting covenants
- Subsidiaries required to submit reviewed intermediaries to HQ
- Companies preparing for acquisition or investment
What is delivered
- Review report with limited assurance conclusion
- Summary of significant findings
Typical outcomes
- Credible financial data for decision-making
- Faster turnaround than full audit
- Satisfied lender or group reporting requirements
Agreed-Upon Procedures
When a standard audit or review does not match your specific need, an Agreed-Upon Procedures (AUP) engagement allows us to perform precisely defined procedures and report factual findings. No opinion is expressed — only what was found.
Who needs it
- Grant recipients requiring donor-mandated verification
- Companies verifying specific balances or transactions
- Parties in a transaction requiring targeted financial confirmation
What is delivered
- Factual findings report based on agreed procedures
- Supporting documentation
Typical outcomes
- Purpose-built assurance without unnecessary scope
- Faster and more cost-effective than a full audit
Not sure which service fits?
Complete our short qualification form and we will recommend the right engagement type for your situation.