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Financial Institution Compliance Audits in Bulgaria: A Must-Have for Regulatory Conformity

In today’s highly regulated financial environment, Bulgarian institutions must ensure that they are in compliance with all relevant auditing, accounting and reporting regulations to avoid any potential risks and fines. To achieve this, it is essential to engage a reputable audit firm that can provide comprehensive compliance audits.

Key Services for Financial Institutions

PwC Bulgaria, one of the leading professional services firms in the country, offers a range of key services designed to help financial institutions meet their compliance obligations:

  • Audits: Conducted in accordance with International Standards on Auditing (ISA) and International Financial Reporting Standards (IFRS), as well as reviews of financial statements prepared under national accounting standards.
  • Reviews of Financial Statements: PwC’s experts review financial statements to ensure accuracy, completeness, and compliance with relevant reporting requirements.
  • Audits for Subsidiaries of Multinational Companies: Specialized services include audits and specified procedures in line with group requirements.
  • Internal Controls and Processing Systems: PwC’s experts can assist clients in identifying and addressing weaknesses in their internal controls and processing systems, including SOX controls.

Compliance Audits: Ensuring Regulatory Conformity

PwC Bulgaria also provides compliance audits to help Bulgarian financial institutions meet the requirements of the Bulgarian National Bank and other regulators. These audits ensure that clients are in compliance with all relevant regulations and laws, minimizing the risk of non-compliance.

Quality Assurance Program

Quality assurance is paramount to PwC’s audit services, and the firm has a comprehensive and efficient quality assurance programme in place. The programme includes regular professional external peer review, ensuring that the highest standards of quality are maintained at all times.

Benefits of Engaging PwC Bulgaria for Financial Institution Compliance Audits

By engaging PwC Bulgaria for financial institution compliance audits, clients can be confident that they are receiving expert guidance and support to ensure regulatory conformity and avoid any potential risks and fines.