Flexibility and reliability since 1991
Human resourcesing
Auditing

Independent Auditing Services

Auditing plays a key role in understanding the economic decisions of our partners. Our objective is to perform a comprehensive review of the financial statements of businesses, ensuring a dependable and professional evaluation of their operations in accordance with legal requirements. Typically, we review annual and consolidated financial statements, as well as checking for the coherence and reliability of business reports.

Our Auditing Services

  • 1

    Budgetary auditing

    We conduct budgetary report audits for municipalities and state agencies according to the current regulations at the time, to ensure a valid presentation of financial position and management.

    The goal of auditing municipalities is to check if the budget report for the fiscal year follows the Accounting Act and the relevant Government Decree 4/2013 (I. 11.), and if it gives a true and reliable picture of the financial and asset status and management. Based on this, we review the draft budget and final accounts, and analyze the financial situation.

  • 2

    Consolidated financial reporting

    We authenticate the consolidated financial statements of both economic entities and municipalities, offering opinions on both consolidated and annual reports, following completion of our audit. Our procedures adhere strictly to the Hungarian National Audit Standards, in Hungarian, Magyar Nemzeti Könyvvizsgálati Standardok (MNKS) and relevant laws and regulations governing auditing practices in Hungary. Throughout our examination, we ensure adequate assurance regarding the absence of material misstatements in the annual report. Additionally, our audit entails assessing the adherence to accounting principles and delivering a thorough evaluation of the consolidated annual report.

  • 3

    Auditing Nonprofit Organizations

    We have many years of experience in scrutinizing and validating the financial reports of non-profit institutions, as well providing opinions on the reports of these organizations. We validate and verify the financial reports of nonprofits when requested and required by law. We offer recommendations, on the annual report based on the completed audit, as well as reconcile the alignment between the business report and the annual report. Our audit is carried out in accordance with the applicable Hungarian Audit Standards, laws, and other regulations.

  • 4

    Auditing businesses and corporations

    We have many years of experience in verifying and providing opinions on the financial reports of businesses.

    As requested, we authenticate the financial reports of those economic entities subject to audit. An auditor's responsibility includes providing opinions on the annual report based on the completed audit, and assessing the consistency between the business report and the annual report. We adhere to the Hungarian National Audit Standards and other applicable laws and regulations concerning auditing in Hungary.

Get in touch with us

  • Restructuring and Reorganization Audits

    Our expert colleagues have several years of professional experience in conducting statutory audits of restructuring companies. During corporate reorganization such as changes in legal entity, mergers, acquisitions, separations, we undertake the audit of draft balance sheets, inventory statements, as well as final balance sheets and final inventory lists.

    5

  • Audit of Grants

    We are well qualified and have proven experience in auditing projects funded by the European Union and other sources. We conduct our work according to the MNKS topic number 4400.

    6

  • Currency Conversion

    In today's changing world, many companies decide to maintain their books in a different currency. Our auditors are available to assist during the transition.

    7

  • Asset Valuation

    Asset valuations performed by us provide detailed information about the market value of the respective company. Our valuation gives reliable information about the realistic market value of a specific company to both internal and external stakeholders. The market value of the company is determined with the involvement of experts in the field, based on the following:

    • accounting documents and statements,
    • cash-flow,
    • income-generating capability,
    • other company valuation methods.
    8
Get in touch with us

Why Choose Us?

We are proud of our highly skilled stuff who are experts in the field of auditing. Our expertise and objectivity ensure that we provide our clients with a comprehensive and reliable picture of the operations of the organizations being reviewed. We guarantee compliance with legal requirements. Additionally, we provide continuous support in the preparation of tax returns, annual inventories, and financial statements.

Our References
Get in touch with us