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THREE CANDIDATE AUDITORS FOR STATE INSURANCE INSTITUTE
Business | November 23, 2001, Friday // 00:00
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Three companies - “Deloitte & Touche”, “Bright Consult” and “KPMG” - have applied for participation in the competition for the evaluation and information memorandum of the Bulgarian State Insurance Institute (SII), the Privatization Agency (PA) announced. The PA is to select the auditor within a week. According to the PA the main criterion for the selection of the company will be the remuneration it offers – it will account for 60% of the PA decision. The deadline the company offers and its experience in auditing are also very important. The prepared evaluation will be based on SII financial data at the end of 2001. Not long ago SII managers expressed preferences for “Deloitte & Touch” company. They expect the SII evaluation to be higher than the previous one because of its better 2001 results.
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