BGN 50 000 FINE FOR ACCOUNTING MALPRACTICE

Business | July 30, 2001, Monday // 00:00

BGN 50 000 is the heaviest fine envisaged in the bill of accounting is the heaviest, introduced in Parliament. The sanction is to be applied to the companies that carry out audit without being authorized. Fines of about BGN 60 000 might be imposed on company directors whose accounting records fail to meet the requirements. Only people with at least 3 years of service in accounting will be able to apply for the position of expert accountant, the project stipulates.
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