Pursuant to Art. 38(1)(3) of the Accountancy Act, Arsenova Law Firm publishes its annual financial statements.
The Firm is not subject to a mandatory independent financial audit and, in view of the requirements of Art. 42(1) of the Accountancy Act, is not required to prepare, and does not prepare, a management report.
The Firm falls within Art. 19(2) of the Accountancy Act. Under Art. 29(4) of the same Act, its annual financial statements may consist only of an abridged balance sheet and an abridged income statement by sections containing the information under items 16.24 and 20.4 of National Accounting Standard 1 “Presentation of Financial Statements”.
The statements are published in Bulgarian.