The transformation, merger or demerger of a company is a complex accounting and corporate law process in which the appropriate determination of assets, liabilities and equity, as well as the consistent application of valuation principles, is of particular importance.
When auditing draft statements of assets and liabilities, draft inventories of assets and liabilities, as well as final statements and inventories of assets and liabilities prepared in accordance with Hungarian regulations, we pay particular attention to the appropriate recognition and valuation of assets and liabilities, any revaluations, the determination of equity components, and the appropriate presentation of accounting adjustments related to the transformation.
In our experience, one of the keys to completing a transformation successfully and on schedule is to ensure that significant accounting and valuation matters are identified and resolved at the appropriate stage of the process. This can reduce the risk of subsequent adjustments, repeated preparation of documentation and delays affecting the transformation timetable.
Throughout the audit, we strive to work closely with the company’s management, financial professionals and legal advisers. Our goal is to ensure that audit requirements are efficiently integrated into the overall transformation process and that shareholder decisions are based on properly substantiated and reliable financial information.