Russell Bedford International

Primorska Audit Company joins Russell Bedford network in Bulgaria

Press Release   •   Feb 17, 2011 11:15 GMT

Primorska Audit Company, a specialist financial audit practice based in Varna - Bulgaria's third city and largest seaport - has been appointed as a member of Russell Bedford International's Bulgarian national network.

Whilst focusing on the provision of independent auditing services, the firm also offers accounting services and financial and tax advice.

The firm’s clients are mainly private companies, state and municipal companies and organisations that have received investment loans from agencies such as the European Bank for Reconstruction and Development (EBRD).

The firm has three partners, all of whom are Certified Public Accountants, Registered Auditors and Members of the Institute of Certified Public Accountants of Bulgaria.

Iliya Iliev, the managing partner, has more than 15 years' professional experience. Having gained a Master of Accountancy degree from the University of Economics in Varna, Iliya began his career as an accountant in industry and became a manager in a financial consulting firm before taking on his present role at Primorska. He has extensive experience as a lecturer in accounting and auditing at the University of Economics, Varna, and at the Varna Free University. He participated in technical working groups on the development of legislation and the establishment of the accounting profession in Bulgaria. He has been chairman of the Varna regional organisation of the Institute of CPAs and a member of the managing board of the Institute.

Marian Nikolov has been a partner and auditor with the firm since 2001. He was previously an auditor with another local audit practice. He has a Master of Accountancy degree from the University of Economics, Varna. He has lectured in Accounting at the same university and at the Varna Free University. He is currently Chairman, and was previously Secretary, of the Varna regional organisation of the Institute of CPAs.

Valentina Nikolova has some 10 years of professional experience. She became a partner and auditor with the firm in 2003. She too has a Master of Accountancy degree from the University of Economics, Varna, and has participated in technical working groups on the development of accounting and auditing in Bulgaria.

Russell Bedford International is also represented in Bulgaria by Rex Consulting which is headquartered in the capital city, Sofia, and has offices in Varna and Plovdiv.

For further information, contact Iliya Iliev on +359 52 608 874 / 875.  Alternatively, visit the Primorska Audit Company website at www.pocompany.com or the Russell Bedford International website at www.russellbedford.com .

Issued by:

Kempton Bedell-Harper
Marketing Director
Russell Bedford International
Russell Bedford House
250 City Road, London EC1V 2QQ
United Kingdom
T: +44 (0) 20 7410 0339
F: +44 (0) 20 7459 2337
E: info@russellbedford.com
W: www.russellbedford.com

Established in 1983, Russell Bedford International is a global network of independent firms of accountants, auditors, tax advisers and business consultants.

Ranked amongst the world's leading accounting and audit networks, Russell Bedford is represented by some 460 partners, 5000 staff and 200 offices in more than 80 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific.

All Russell Bedford affiliates are well-established firms offering international business advice and services to local and multinational clients.  Most provide a full range of services comprising accounting, auditing, tax advice, general business guidance and financial consulting.  In addition, many have special expertise in particular fields, such as international taxation or information technology.

In January 2008 Russell Bedford International was named one of the first 17 full members of the IFAC Forum of Firms after reporting it had implemented a globally coordinated quality assurance programme, committed to the use of International Standards on Auditing (ISAs), and met other specific ethics requirements.