Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Our cross-border management structure, which groups our worldwide offices  into seven geographic Areas, allows us to align our 135,000 people in 140 countries and activities better to meet clients’ demands for a consistent quality of service worldwide while respecting the legal and regulatory requirements in each country. Ernst & Young in Bulgaria is a member firm of the Central and Southeast Europe (CSE) — one of the 13 tightly connected Sub-Areas of the new EMEIA Area, established in 2008.

Assurance services:

• Audits in relation to: Bulgarian accounting legislation and statutory requirements; International Financial Reporting Standards (IFRS); Other International Generally Accepted Accounting Principles (such as US GAAP); Initial Public Offerings (I.P.O.) in the local as well as in foreign capital markets (such as US and UK);
• Agreed upon procedures to financial information reporting;
• Compilation work;
• Limited reviews;
• Technical assistance in financial reporting standards;
• Technology and Security Risk Services (application controls and security, data analysis, information security, IT assurance, etc).

Risk Advisory Services (RAS):

Business risks are increasingly global, complex and interlinked. An organization’s ability to recognize, prepare for and effectively manage these risks will determine its performance and progress. Effective risk management isn’t just about protecting a business – it’s also about making it better. We do this by helping organizations understand their business risks and develop plans to accept, manage or capitalize on them. The quality of our service starts with our 14,000 risk professionals – the largest and broadest global risk advisory network of any professional organization.

We provide:

• Business Risk Services;
• Financial Services Risk Management;
• Fraud Investigation & Dispute Services;
• Technology & Security Risk Services (TSRS).

Business Advisory Services (BAS):

In Bulgaria we bring personal experience of working with major organizations to make change happen to help clients deliver measurable and sustainable improvement in the performance of their business.

The services we offer:

• Performance management;
• Financial transformation;
• Financial statement close process and reporting optimization

Tax Services

Effective compliance and open, transparent reporting are the foundations of a successful and sustainable tax function. Tax strategies that harness the potential of change and align with the needs of the business are crucial to sustainable growth.

Our taxation services are aimed at assisting enterprises to function effectively and efficiently within the Bulgarian tax and regulatory environment. Our services include:

• Tax advisory and compliance services on corporate taxes, VAT, personal income tax and all other taxes;
• Tax Accounting Risk Advisory;
• Local and cross border tax structuring of inbound and outbound investments;
• Tax and legal due diligence and tax/legal structuring of transactions;
• Assistance with tax audits and court procedures;
• Tax health checks and tax reviews; custom duties and excise tax planning;
• Human capital and immigration services for expatriates;
• Organization of tax training courses; grants and incentives advisory;
• Transfer pricing planning and documentation, tax  efficient supply chain restructurings

Global Financial Advisory Services (GFAS)

Our team can provide you with a wide range of  finance and accounting services, specifically:

• Statutory accounting;
• Financial reporting;
• Payroll services;
• Full or partial outsourcing of financial and accounting processes;
• Temporary personnel lending.