Our audit practice is specialised in the financial audit of medium-sized companies in various industries – manufacturing, services, wholesale and retail trade, etc.
We have vast experience in the financial audit of projects under European programmes.
The role and task of a financial audit is to offer an independent and fair professional assessment of the correctness of the company’s financial statements in order to protect the interests of its owners, creditors and contractors.
In order to fulfil this responsible role, we at Kreston BulMar execute a wide range of audit procedures in compliance with the Auditing Standards and we assess:
• the reliability of the IT systems;
• the running of the business processes and their correct recording in accounts;
• the compliance with the legislation;
• the effectiveness of the internal controls;
• the compliance with the applicable accounting standards;
• the correctness of the taxes charged, in accordance with the tax legislation;
• the correctness of all items in the financial statements – including income, expenses, receivables, payables, assets, etc.;
• the presence or lack of abuse, material errors or fraud;
• the process of closing the accounts;
• the consistency of information in the financial statements with the management report and with any other information provided by the management along with the financial statements.
During the financial audit we apply a customised approach and make timely recommendations for improvement of the organisation and reporting of each of the audited elements, to enable the management, investors and creditors to derive maximum benefit from our work – namely, how to improve the company's reporting, control and key activities.
The main difference between accounting and financial audit is that accountants are specialised in accounting for all business operations in order to prepare financial statements, whereas auditors are specialised in collecting strong evidence that each line in the financial statements represents truly the sales turnover and the financial state of a company, and that the assets are not overstated and the liabilities are not understated.
Incorrect presentation of the sales turnover, overstated assets or understated liabilities create untrue feeling about the state of a company, which could mislead owners, managers, creditors, clients and suppliers to remain passive or to adopt inappropriate measures in respect of the company and this could severely damage its ability to develop in the long term.
In this regard, during a financial audit, we apply large-scale control procedures to identify all inconsistencies in the financial statements and to recommend appropriate measures for their correction as well as proper measures for the better financial presentation of the company.
We provide 100% compliance with GDPR and the Personal Data Protection Act.
Besides the experienced financial audit team, the Head Office of Kreston BulMar has excellent lawyers, tax experts, financial and business consultants who have worked together for years and are extremely effective in finding any business solutions that require simultaneously accounting, tax, financial, legal and business perspectives and expertise.
In compliance with the requirements of the Eighth EU Directive of 2008 and in accordance with Article 62 of the Independent Financial Audit Act we publish our transparency reports, which are available here.
Naycho Tsanov str. 172
(02) 6 12 06
from 1000 BGN
Companies with highly limited activity
from 1400 BGN
Companies with limited activity
from 1800 BGN
Business combinations as governed by the Commercial Act
from 1000 BGN
General tax and accounting review
These are some of our clients, which are ready to share review for our work
Българска Агенция за кредитен рейтинг
LPP Fashion Bulgaria
Пърсънъл Файнанс България
Nishka str. 172Contact person
Vanya Iribadzhakova - Marketing Director0878 650 000 firstname.lastname@example.org
Donika Marinova holds a Bachelor’s degree in Accounting and Control and Economic and Financial Control. She joined the Kreston BulMar team in 2003 and began her career as bookkeeper. In 2004 she became head of the Accounting Department and since 2007 has been the managing director of the accounting practice. Since 2010 she has been Financial Audit Director and since 2015 – a partner in the practice. She has over 200 professional publications and articles for specialised editions and has delivered about 40 seminars on taxes and accounting. In her over 10-year career she has gained vast experience in accounting services, financial audit of companies of different size and from various industries, audit of European projects, audit of transformations, tax and accounting consulting.
Velichka Pavlova has a Master’s degree in Accounting and Audit. She joined the team of Kreston BulMar in 2015 and since 2016 has been a manager at the Financial Audit department. In her career she worked for over 3 years as a bookkeeper and chief accountant and for about 4 years in independent financial audit. She participated in the independent financial audit of many companies from different business areas. She has professional publications and has delivered several seminars on accounting.
Velichka loves exercising and mountain hiking.
Мануела e част от екипа на Kreston BulMar от 2017 г. Завършила е специалностите „Финанси” и „Счетоводство и контрол”. Има и предишен опит в областите на счетоводството и на застрахователни компании.
Родом е от гр. София и в свободното си време обича да чете, да спортува и да бъде със семейството си и приятели.
- Кога можем да наложим дисциплинарно наказание или да уволним дисциплинарно
- Данък върху разходите – кои разходи и кога се облагат с този вид данък?
- Предоставянето на стипендии - данъчно облекчение за бизнеса
- Годишната данъчна декларация на Физически лица
- Обезщетение при прекратяване поради болест на служителя
- Промени в осигуряването през 2016 година
- Прехвърляне на майчинство на бащата
- Годишната данъчна декларация за Физически лица се подава до края на април!
- Accounting services
Metodi HristovManaging partner Accounting services
- Payroll Services
Georgi DimitrovManaging partner Payroll
- Legal Services
Slavi MikinskiManaging partner Legal services
- Tax Advisory
Metodi HristovManaging partner Tax advisory
- Business advisory
Emil PopovManaging partner Business advisory
- GDPR Compliance
- Business Valuations
Oleg DimovManaging partner Business valuations
- UK payroll
Svetlana VasilevaUK payroll managing partner