Financial reports and consolidated reports
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Financial reports and consolidated reports
According to the Accounting Act, all Bulgarian companies are required to prepare financial reports by December 31 of each year.
We draft the annual and interim financial reports of companies reporting under the National financial reporting standards for small and medium enterprises and under the International Financial Reporting Standards (IFRS), including:
- Consolidated reports and statements;
- Participation in international consolidation processes;
- International audit reports and statements.
CAST Financial reports
We help you focus on your main goal – the growth of your business – by taking care of your financial and accounting affairs and your tax planning. For more than two decades we have been providing outstanding services to our clients.
Our Company has worked for more than 20 years in the field of accounting, independent financial auditing and software development.
CAST Consult Ltd was set up in 1997. At first we specialised mostly in independent financial auditing of companies and accounting software development. Later on, we expanded our scope and now we provide a wide assortment of professional financial, accounting, consulting, auditing, and other related services.

Our experts answer
Frequently Asked Questions
We have extensive experience in the preparation of reports and accounts for the purposes of consolidation of subsidiaries with parent companies abroad.
The International Financial Reporting Standards (IFRS) are more complex. The accounting reports under IFRS often take more time and require better qualified accountants. The accounting under these standards has the advantage of using an internationally recognised reporting system and the fact that it smooths the consolidation process of the companies with subsidiaries in different countries. The National Financial Reporting Standards are simpler and more widely used in Bulgaria. In the last years they have been drifting apart from the IFRS.