Banking

Over the last years KPMG Bulgaria has been playing an active role in the local financial market, as an auditor of significant number of banks and other financial institutions, gaining extensive experience in the Bulgarian banking legislation and accounting practice. As a leading company in its field, KPMG's audit methodology has been applied and tested on the market. Our specific audit methodology and procedures ensuring in-depth review, examination and final certification at a high level, are grounded on the KPMG Audit Manual.

KPMG Bulgaria’s auditors possess profound knowledge about the application of IFRS and their specific implication on the financial statements of the banks, as well as the National Legislation applicable to banks. This knowledge and experience were gained in the process of conducting audits for statutory purposes, audits of consolidation packages and audit related services on the prudential reports, provided to our banking clients.

Engagements in the financial sector of Bulgaria require professional knowledge about the banking legislation, as well as thorough understanding of the continuously changing and developing environment. To meet the professional challenges of each individual engagement, we seek to improve and build on our extensive experience in bank auditing by constantly developing our industry knowledge and audit methodology, as well as working in close co-ordination with the banking audit experts from other KPMG offices world-wide.
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