HISTORICAL OVERVIEW OF AUDITORS IN BULGARIA Cover Image

ИСТОРИЧЕСКИ ПРЕГЛЕД НА ОДИТОРИТЕ В БЪЛГАРИЯ
HISTORICAL OVERVIEW OF AUDITORS IN BULGARIA

Author(s): Miroslav Nedelchev
Subject(s): Accounting - Business Administration
Published by: ЮГОЗАПАДЕН УНИВЕРСИТЕТ »НЕОФИТ РИЛСКИ«
Keywords: economic history; external audit; state control; corporate governance; shareholding companies; commercial banks

Summary/Abstract: The aim of paper is to review the auditors in economic history of Bulgaria. Like in other countries, the origin of statehood in Bulgaria leads to origin of audit. The review is based on 17 information sources and covers the period 1897-1945.The results of paper determine the origin of audit as a shift of control over shareholding companies to the state and, most of all, the control over commercial banks. Unlike to other countries where the origin of auditors is due to effects of the Great Depression, the origin of auditors in Bulgaria is the transfer of right to establish a shareholding company from the state to the founders and the need of state control over the company's activities.

  • Issue Year: 13/2017
  • Issue No: 2
  • Page Range: 153-164
  • Page Count: 12
  • Language: Bulgarian