Independent financial audits
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Independent financial audits
What we offer
We specialise in the auditing of all kinds of different companies. During our work on the agreements with former and current clients, including clients with branches and subsidiaries, our company has gained extensive experience in the auditing procedures under the National financial reporting standards for small and medium enterprises and under the International Financial Reporting Standards (IFRS) and the preparation of independent and consolidated financial reports for companies operating in different areas and industries.
Our auditing approach prioritises the effective provision of high quality services for all our clients. It incorporates a complex system of rules and procedures that ensure the consistency, depth, and high quality of the work on each individual project. Our auditing practice is characterised by: professionalism; independence and objectivity; in-depth understanding of the business and the economic environment of the client; fair, clear, and accurate presentation of the auditor opinions; ethics and confidentiality in the business operations of the client.
We provide:
- Independent financial audits;
- Agreed procedures related to the transformation of trade companies;
- Auditing of the implementation of EU programmes;
- Contractual procedures in compliance with the requirements of the International Standards on Auditing(ISA)
Our auditing practice is subject to periodic assessment of the quality of the auditing services by the Auditing Quality Assurance Council of the Institute of Chartered Accountants. We always get the highest rating (А).
CAST Independent financial audits
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
Independent financial auditing by registered auditors is required for the annual financial statements of the companies which by December 31 of the current reporting period exceed at least two of the following parameters:
а) book value of assets – BGN 2,000,000;
b) net income from sales – BGN 4,000,;
c) average number of staff over the reporting period - 50 people;
Apart from these, independent financial auditing is performed in public interest entities and entities for which this is required by law.
The independent financial auditing by registered auditors is mandatory for the annual financial statements of non-profit entities providing community services, if in the current year they exceed one of the following parameters:
а) book value of assets by December 31 – BGN 1,000,000;
b) net income from business activities and income from non-business activities for the current year – BGN 2,000,000;
2) total amount of grants received in the current year and total amount of grants received in prior periods which have not been used by December 31 of the current year – BGN 1,000,000.The independent financial auditing by registered auditors is mandatory for annual financial statements of non-profit entities providing community services and activities under Section 116 of the Family Code.