The Competition for Young Auditor was organized for a seventh consecutive year by the University of Finance, Business, and Entrepreneurship (VUZF) jointly with the specialized audit companies HLB Bulgaria and Zaharinova & Partners. The best candidates were given the opportunity for intern positions in specialized companies and financial institutions, pecuniary awards, scholarships for further education and qualification and other benefits. The objective of the Competition was to popularize the audit profession among young people in Bulgaria as well as to emphasize on the role of audit for the economy of the country and its importance for the society.
The winners were awarded at the official ceremony in Sofia Hotel Balkan on June 20th. Six students received internships and prizes on the seventh edition of the National competition “Young Auditor”, which is organized by the University of finance, business and entrepreneurship (VUZF) and the specialized auditing companies “HLB Bulgaria” Ltd. and “Zaharinova Nexia”. The aim of the competition is to promote the profession of auditor among young people in Bulgaria, as well as to highlight the role of the audit in the business sector and society as a whole.
First place won Kiril Luchkov from “Dimitar Tsenov” Academy of Economic – Svishtov received a pecuniary award of 2000 lev, established by the auditing company “HLB Bulgaria” Ltd. and the opportunity for one – month internship in the auditing companies “HLB Bulgaria” Ltd and “Zaharinova Nexia”.
Second place in the competition was awarded to Anna Parvanova from Economic University – Varna. She received a pecuniary award of 1000 lev, established by the auditing company “Zaharinova Nexia” an opportunity for a one-month internship in the auditing companies “HLB Bulgaria” Ltd. and “Zaharinova Nexia”.
The third place, a cash prize of 500 leva, established by the Institute of Certified Public Accountants, was given to Aleksey Singur, from Economic University – Varna.
Three honorary awards were awarded at the ceremony for the participants with the most original ideas solving the case of the test.
The ceremony was attended by many other representatives from many state agencies, the public financial sector, commercial, auditing and Insurance companies. Among the official guests were – the organizers represented by Grigorii Vazov Ph.D., founder and rector of the University of Finance, Business, and Entrepreneurship (VUZF) Vaska Gelina – Manager of HLB Bulgaria and Dimitrina Zaharinova – Managing Partner at Zaharinova and Partners. Among the guest also were Menda Stoyanova – Chairman of the Budget and Financial Committee at the National Assembly of the Republic of Bulgaria, Tsvetan Tsvetkov, Chraperson of the Bulgarian National Audit Office, Diana Yordanova and Ralitza Agayn -Guri – Deputy chairpersons of Financial Supervision Commission, Galya Dimitrova – Executive Director of National Revenue Agency, Ognyan Simeonov – Chairman of the Commission for Public Oversight of Statutory Auditors, Vesela Karaivanova – Submanager of National Social Security Insitute and many other representatives of the public, financial, trade, auditing and insurance companies in Bulgaria.
For seven years, the “Young Auditor” has proved to be one of the most successful competitions bringing together students from different universities in Bulgaria, willing to develop in the field of accounting and auditing. In 2017 it covered students from over 11 universities in the country, including graduates of the big economic higher schools and VUZF. Up to the second stage, 70 entries were successfully passed, and by the last round, they reached all with over 60% of the correct answers to the test.
During the ceremony, the auditing company Zaharinova and Partners announced its membership in the international auditing and consulting network Nexia International. Nexia International is a leading, global network of independent accounting and consulting firms, which is in the top 10 of the global audit companies, operating in more than 115 countries worldwide. The network has 667 offices, more than 30,000 people, and over 245 member firms globally. For the year of 2017 Nexia International has over 3,6 billion US$ of fee income, according to the International Accounting Bulletin Survey for 2017 Nexia International is the 9th biggest audit network worldwide.
For more details please visit the official website of the competition: http://mladoditor.vuzf.bg/
