The purpose of an audit is to provide an independent professional opinion on the company’s financial statements and thereby increase the confidence of owners, business partners, lenders and other stakeholders in its financial information.
In our work, we base the audit of financial statements prepared in accordance with Hungarian accounting regulations on an understanding of the company’s business model, operations, accounting practices and financial reporting processes. We pay particular attention to areas involving significant accounting estimates or management judgement, as well as areas that present a higher risk in relation to the financial statements.
We do not regard auditing solely as a year-end review process. We consider ongoing professional communication throughout the year and the timely discussion of significant accounting matters essential, so that potential discrepancies, uncertainties and risks do not emerge immediately before the financial statements are approved. This can make the year-end closing process more predictable and reduce the need for subsequent adjustments.
We communicate significant matters identified during the audit clearly and promptly to the company’s management. In addition to our auditor’s opinion, our professional observations can contribute to improving the reliability of the financial reporting process, appropriately managing accounting risks and providing a sound financial basis for management decisions.
We conduct our work in accordance with the principles of independence, objectivity, professional scepticism and consistently high quality standards, while placing particular emphasis on meeting deadlines, being readily available and ensuring effective professional collaboration.
In addition to auditing annual and simplified annual financial statements, our services also include auditing interim balance sheets required by law. A properly substantiated interim balance sheet is particularly important in situations where significant shareholder or corporate decisions are made based on the company’s financial position, equity or available retained earnings.