An appointed auditor is needed for business associations that are operating on the basis of double-entry bookkeeping. The appointment of an auditor is mandatory in accordance with the Accounting Act if both or any of the following conditions are met:
- The annual net sales exceed HUF 300 million on the average of two financial years preceding the financial year under review
- The average number exceeds 50 members of employees on the average of the two financial years preceding the financial year under review
For companies starting during the year, the revenue and the number of employees should be viewed proportionately annualized.
Audits can be managed in Hungary by people or companies that are current members of the Chamber of Auditors, having audit licenses.
Our partner holds such a license and would be available for your service.