Switch to IFRS in time!
As of 1 January 2017 every Hungarian enterprise with an auditing obligation can decide to prepare its annual report in accordance with the International Financial Reporting Standards (IFRS). A recent study by the consultancy division of MAZARS has revealed that those who decide to switch to the IFRS system or must do so are obliged to employ IFRS-certified experts by 30 September. In addition to this, they also need to prepare an accounting policy that is in line with IFRS standards and an audit-based, IFRS-compatible starter balance sheet.
Related news
Related news
The Hungarian Central Statistical Office (KSH) reported better-than-expected GDP data
In Q2 2025, Hungary’s GDP figures published by the HCSO…
Read more >Beer producers are hoping for a hot August
After nearly three percent growth last year, domestic beer consumption…
Read more >Gergely Gulyás: the government is expanding the support program for small-town grocery stores
The government is expanding the grocery store support program launched…
Read more >