Audit

Bulgaria C-Bank Picks Ernst & Young as Auditor to Audit Its Books

UK-headquartered multinational Ernst & Young has been selected by the Bulgarian National Bank to become its international auditor for 2015-2017, the institution has announced.

On an annual basis, the consolidated financial report of BNB has to be verified by an international auditor chosen through a public procurement procedure.

Stathakis is the minister with the million-euro discrepancy in his assets declaration

Economy Minister George Stathakis is believed to be the minister who did not declare a million euros worth of assets to the auditors of Greek Parliament for the last three years. The same sources state that prior to the September 20 elections, he had tried to “tidy” up his assets declaration with an additional statement.

Albanian Prosecutors to Quiz Former Energy Chief

The Supreme State Audit said in a statement on Saturday that Seferi, former director of Albania's electricity distribution network operator OSHEE, and two other former high-ranking officials at the form are being referred to prosecutors for further investigations after an audit found procedural irregularities in procurements of electricity from private companies in 2014.

Auditors Query Albania Electricity Firm's Data

A group of independent auditors hired by Albania's electricity distribution network operator OSHEE, to audit its financial statements for 2014, has refused to give an opinion, noting inconsistencies in the data.

The unaudited financial statements of the company shows that in 2014 revenues jumped to 47.2 billion leks (?337 million) from 37.7 billion leks (?269 million) in 2013.

Bulgaria's Govt Approves Accountancy Bill Including Anti-Red Tape Measures

Bulgaria's government has approved a draft Accountancy Act envisaging anti-red tape provisions.

The bill complies with the EU Directive on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, according to a media statement of Bulgaria's Council of Ministers.

Bulgaria Parliament Elects Audit Office Deputy Heads

Goritsa Grancharova and Toshko Todorov are the new deputy heads of the National Audit Office of Bulgaria followig a Thursday vote in the National Assembly.

Their candidacies were put forward by the new Chair of the national auditing body, Tsvetan Tsvetkov, whose candidacy was approved by Parliament in end-March.

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