Head of Internal Audit Unit at NSI
Master of Economics, specialty ‘Accounting and Control’ - Academy of Economics ‘D. A. Tsenov’, Svishtov, Bulgaria.
Certified internal auditor in the public sector - Certificate No. 00367/11.01.2008 issued by the Minister of Finance.
Postgraduate professional qualification in ‘International Standards on Auditing’ from the Institute for Postgraduate Studies at UNWE - Sofia.
From 2004 to 2021, he worked as Chief internal auditor in the Enterprise for Management of Environmental Protection Activities.
From 2012 to 2019, he was Chief Secretary of the Commission for Public Oversight of Statutory Auditors.
From 2009 to 2012, he was Head of ‘Quality control on the activities of statutory auditors’ Directorate (current ‘Surveillance activity’ Directorate).
From 2006 to 2009 he worked as Chief internal auditor at the ‘Internal audit’ Department at the Bulgarian National Audit Office.
From 2004 to 2006, he worked as financial controller at the Regional Health Insurance Fund, Pleven.
From 1995 to 2003, he was Chief internal auditor at the Public Internal Financial Control Agency -current Public Financial Inspection Agency.
In March 2024, he has been appointed as Head of ‘Internal Audit’ Unit at NSI.
He is fluent in English and Russian.
The Internal Audit Unit (IAU) shall perform internal audit of all structures, programmes, activities and processes, including of administrators of resources of the European Union and the administrators at the lower level in the NSI under the Public Sector Internal Audit Act.
The internal audit shall be performed by the implementation of particular audit assignments for assurance and consulting.
The Head of Internal Audit Unit shall report directly to the President.
The Internal Audit Unit shall:
1. plan, perform and report on the internal audit activity in accordance with the requirements of the Public Sector Internal Audit Act, International Standards for the Professional Practice of Internal Auditing, Code of Ethics of Internal Auditors, the Status of the Internal Audit Unit in NSI and the methodology for internal audit in the public sector approved by the Minister of Finance;
2. internal audit is an independent and objective activity for ensuring confidence and consultation designed to benefit and improve the organization's operations;
3. Internal audit helps the organization achieve its goals by applying a systematic and disciplined approach to evaluating and improving the effectiveness of risk management, control and management;
4. prepare a three-year Strategic plan and Annual plan on activity, which shall be approved by the President;
5. prepare a plan for each audit engagement that includes the scope, objectives, timing and allocation of resources for the performance of the engagement. The audit engagement plan is reviewed and approved by the head of internal audit;
6. provide an independent and objective assessment on the state of the audited systems for financial management and control;
7. verify and evaluate the compliance of the activities with the legislation, internal regulations and contracts; reliability and integrity of financial and operational information; effectiveness, efficiency and economy of activities; the protection of assets and information and performance of tasks, and achievement of objectives;
8. report and discuss with the President and the heads of the structures under audit the results of each implemented audit assignment and submit an audit report;
9. provide recommendations in the audit reports in order to improve the activities in the organization, assist the President in the preparation of Action plan for implementation of the given recommendations and carry out inspections to monitor the implementation of the recommendations;
10. prepare an Annual report on internal audit activity and provide it to the President, who shall submit it to the Minister of Finance, in accordance with Art. 40 of the Public Sector Internal Audit Act;
11. ensure further improvement of professional qualification of internal auditors and maintain contacts with other internal audit units to the organizations in the public sector in order to exchange best practices.
