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Bulgaria C-Bank Picks Ernst & Young as Auditor to Audit Its Books
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The Bulgarian National Bank (BNB)'s headquarters in downtown Sofia. Photo by BGNES
UK-headquartered multinational Ernst & Young has been selected by the Bulgarian National Bank to become its international auditor for 2015-2017, the institution has announced.
On an annual basis, the consolidated financial report of BNB has to be verified by an international auditor chosen through a public procurement procedure.
Until 2014, for about ten years, the audit had been conducted by KPMG, the company which also verified the last financial report of collapsed Corporate Commercial Bank (KTB).
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