ACCOUNTING, INDEPENDENT FINANCIAL AUDIT AND SUSTAINABILITY REPORTING (SOME CRITICAL REMARKS ON LEGISLATIVE CHANGES)

Anton Svrakov ()
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Anton Svrakov: Institute of Certified Public Accountants in Bulgaria

ACCOUNTING AND CONTROL: TRADITIONS AND NEW CHALLENGES IN VALUE CREATION AND SUSTAINABILITY, 2025, issue 1, 12-20

Abstract: In the summer of 2024, relatively quickly and without wider public interest, the successive amendments and supplements to the Accountancy Act and the Independent Financial Audit and Assurance of Sustainability Reporting Act were adopted. These changes are essentially unrelated in any way to the basic principles of accounting, respectively auditing, which are legislatively regulated in our country. They are required by the need to transpose the European requirements regarding sustainability reporting and auditing into our national legislation. This paper makes a critical analysis of the amendments and supplements made to the two acts, as well as their relationship with the practice in Bulgaria.

Keywords: Accountancy Act; Independent Financial Audit and Assurance of Sustainability Reporting Act; Integrated Reporting; Sustainability Reporting; Assurance Report on Sustainability Report (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:acctnc:y:2025:i:1:p:12-20

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