Challenges to Financial Audit in Enterprises of Public Interest

Iliev, Plamen K.

Center for Open Access in Science (COAS)
OPEN JOURNAL FOR RESEARCH IN ECONOMICS (OJRE)
ISSN (Online) 2620-102X * ojre@centerprode.com

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2018 - Volume 1 - Number 1

Challenges to Financial Audit in Enterprises of Public Interest

Plamen Kimonov Iliev (PhD) * kaviplas@abv.bg * ORCID: 0000-0003-4692-0104 * ResearcherID: Q-4488-2018
New Bulgarian University, Department of Economics, Sofia

Open Journal for Research in Economics, 2018, 1(1), 23-30 * https://doi.org/10.32591/coas.ojre.0101.03023i
Online Published Date: 5 September 2018

LICENCE: Creative Commons Attribution 4.0 International License.

ARTICLE (Full Text - PDF)

KEY WORDS: financial audits, shared auditors, public enterprises interest, rotation.

ABSTRACT:
The material examines the new moments set forth in the Regulation EU/537/2014 and Directive EU/56/2014, regulating its application Independent financial auditing, including in public interest. Attention is drawn to the new moments in our relationship, namely joint audit, rotation of auditors, new reporting moments, joint auditors and the increased powers of the Public Oversight Commission on work on registered auditors.

CORRESPONDING AUTHOR:
Plamen Iliev, New Bulgarian University, Department of Economics, Sofia, BULGARIA. E-mail: kaviplas@abv.bg.

REFERENCES:

... (2016). Comments of MoF, KPMG, BNB on Independent financial audit Act.

Genov, Sl. (2016). Rotation and independent financial audit. Izvestia, Varna, University of Economics.

Guidelines for the implementation of a shared audit (2017). Institute of Certified Public Accountants and Commission for public supervision of registered auditors.

... (2018). Independent financial audit Act - SG-95-29.11./2016, amended SG-15/2018.