Round Table Conference on The Challenges to The Audit in The Public Sector

Round Table Conference on the Challenges to the Audit in the Public Sector organized by the Finance and Accountancy Faculty jointly with the Internal Control Directorate at Ministry of Finance was held at the Small Conference Hall. In the Forum took part Assoc. Prof. Dr. Stela Raleva, Vice Rector for Education in the EQD of Master and Distance Learning, Prof. Dr. Snezhana Basheva, Dean of the Finance and Accountancy Faculty, Svilena Simeonova, Chief of the Internal Control Directorate at Ministry of Finance, Tsvetan Tsvetkov, Chairman of the Bulgarian National Audit Office, Emil Evlogiev, Deputy Chairman of the Managing Board of the Institute of Certified Public Accountants (ICPA), Georgy Karabinov, Chairman of the Institute of Internal Auditors (IIA) Bulgaria, Vanya Doneva, Chairwoman of the Commission for Public Oversight of Statutory Auditors (CPOSA), Prof. Mihail Dinev, specialists and students.

During the Round Table Conference

The objective of the Managing body of Finance and Accountancy Faculty is being in step with the times and to respond to their challenges, pointed out Prof. Snezhana Basheva. She clarified that over the last five years the Faculty had implemented more than ten successful round table conferences. All of them had completed with the formulation of approved statements and recommendations presented to the interested institutions and turned into statutory regulations. The Dean expressed her confidence that the discussion would be interesting and useful.

Prof. Basheva, Prof. Dinev, Mrs. Simeonova. Dr. Dineva (from the left to the right)

On behalf of the Rector Prof. D.Sc.(Econ.) Statty Stattev a welcoming speech to the participants in the Forum was addressed by Assoc. Prof. Dr. Stela Raleva. She outline that the Finance and Accountancy Faculty had been the largest one at the UNWE “implementing the education in the most desired specialities – Accounting, Financial Control, Auditing and Finance. The graduates from this Faculty have a worthy place among the national economic elite. They occupy leading positions in the state institutions, non-governmental sector, in the business and some of them are representatives of our country to international financial institutions”, pointed out the Vice Rector. According to her words being the most active Faculty at the university in organizing the scientific forums and the most successful one in the implementation of interaction with the business had been due to its academic staff and to its Dean Prof. Basheva.

“The reasons to comment the current topic are the addendums to the Internal Audit Act and the amendments suggested in it”, clarified the moderator of the Forum Prof. Mihail Dinev.

Participants in the Forum

Two plenary reports were presented during the Forum. Svilena Simeonova, Director of the Internal Control Directorate at the Ministry of Finance, lecturer at the UNWE, commented on the Basic Formulations in the Amendment and Addendum Act to the Public Sector Internal Audit Act. She outlined the most important points in the amendment of the normative document which was accepted at its first reading by the Parliament. In her presentation Simeonova emphasized on the reasons of amendment in the Act, changes in the internal audit range, audit committees formation and their members, functions, objectives and the audit activity planning.  

Assist. Dr. Valeria Dineva from the Financial Control Department presented the second plenary report on the Internal Audit Independence – Problems and Opportunities.