He has an MA in finance and Ph.D. in Economics. He is a member of the Institute of Certified Public Accountants. He is currently managing a specialized auditing firm. Dr. Totev has additional qualifications in the field of accounting and corporate financial reporting, financial planning and budgeting, and international trade management. He is consulting in the area of accounting, tax, and social insurance legislation. Dr. Totev has taught on accounting and tax legislation issues and has prepared CPA candidates in Bulgarian and International Accounting Standards (IAS). He has written and co-authored numerous articles and publications in the field of accounting and tax legislation.