TGS Global has been admitted to the Forum of Firms, the international body that sets expectations for networks carrying out transnational audits. For TGS Bulgaria, a member of the network since 2021, it adds an international benchmark to its local expertise.

What the Forum of Firms is

Founded in 2002, the Forum of Firms is an independent association of international networks of accounting and audit firms. It works with the International Federation of Accountants through the Transnational Auditors Committee, and its aim is more consistent, higher-quality auditing and financial reporting worldwide.

Membership is open only to networks that commit to:

• consistent, high-quality audit practices
• international auditing standards
• coordinated quality-assurance reviews
• professional ethics and independence
• reliable financial reporting in the public interest

TGS Global’s admission reflects sustained investment in quality management, governance, professional methodologies and monitoring.

What it does and doesn’t mean

Membership does not replace the responsibilities attached to each individual engagement. It sets the framework within which TGS member firms develop and monitor their audit practices, a framework built around effective quality-management systems, consistent methodologies, professional development and independence.

TGS Bulgaria remains an independent firm with in-depth knowledge of Bulgarian regulations and business practice. What changes is the support behind it. When a matter extends beyond Bulgaria, the team can work with TGS specialists who know the accounting, tax and commercial environments of other jurisdictions, while the client keeps a direct relationship with the Bulgarian team.

Who benefits most

The impact is greatest for companies with foreign shareholders, international subsidiaries, cross-border transactions or reporting obligations to a parent abroad. For them, shared quality principles mean:

• Dependable assurance. Shareholders, banks and investors rely on financial information they can trust, and a network-wide commitment to audit quality supports consistent procedures and appropriate oversight.
• Smoother group reporting. Group audits, reporting packages and consolidation depend on clear communication between local management, finance teams and auditors. A common methodology makes that coordination easier.

Looking ahead

If your business operates across borders or answers to stakeholders outside Bulgaria, our team can explain how the TGS network can support you.