Transformation and Compilation of Financial Statements

Transformation and Compilation of Financial Statements

  • Converting financial statements from one reporting framework (e.g., National Accounting Standards applicable in Bulgaria - NAS) to another (e.g., IFRS). This involves reviewing and adjusting accounting policies, procedures, reporting techniques, measurement methods, and estimates to fit the new framework. We then prepare an initial statement of financial position under the new framework and, following the rules of the relevant reporting framework, generate a complete set of financial statements
  • Compilation of financial information – preparation of a full set of financial statements in accordance with a given reporting framework
  • Compilation of financial information – collection, classification and summary of other financial information

At the end of our engagement to compile financial information, we usually issue a report on engagement to compile financial statements in accordance with International Standard on Related Services Engagements to Compile Financial Statements.

Contact our Professionals

Valia Iordanova

Valia Iordanova

Senior Partner, Audit Services & Training
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Renny Iordanova

Renny Iordanova

Managing Partner, Audit Services & Corporate Finance
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