AUDIT

As audit is compulsory for businesses with sales revenues above a specified limit only, we have to meet higher-level challenges in this field. Furthermore, in an application for credit, the confirmation of the balance sheet submitted to the bank by an internationally recognized auditing company plays an important role.

Regardless of their size, subsidiaries of foreign company groups may have their annual profit and loss statement and balance sheet report audited, with special regard to the compliance with international accounting standards and preparation of the preliminary balance sheet needed for group consolidation.

Our office will audit your financial statements, certify conformity of accounting records and compliance of the financial statements with legal prescriptions and standards. As a result of our audit, we issue our independent audit report on the financial statements – including also consolidated financial statements. As conclusion of our controls, we prepare a supplementary audit report, in foreign languages, too, if required. Budapest Consultans Kft. has an experience of several decades in performing audit of clients’ financial statements according to international audit standards (IFRS, US-GAAP, HGB).

Budapest Consultans Kft. has the special authorizations also for auditing financial organizations.

Reorganization of companies requires services of an independent auditor. We have accumulated considerable experience in this field during the past years and we cooperated even in audit of cross-border mergers.

When companies are sold or merged, goodwill often should be assessed. We prepare the required economic calculations to support you in making the right decisions and lend a hand in managing the actual transactions.

In our audit work, we use the documentation and quality assurance software developed by the largest German professional software company DATEV eG, meeting even the most stringent international requirements.

Business valuation:
It is known that the true value of your business is a key element in many of the business decisions you have to make; thus, complex business valuation cannot be left out of our offering. An accurate valuation of your business also plays a key part in:
– deciding whether and when to sell,
– understanding the relative values of businesses planning to merge,
– setting retirement objectives,
– valuation of employee share options,
– valuation of shares for other purposes.

As audit is compulsory for businesses with sales revenues above a specified limit only, we have to meet higher-level challenges in this field. Furthermore, in an application for credit, the confirmation of the balance sheet submitted to the bank by an internationally recognized auditing company plays an important role.

Regardless of their size, subsidiaries of foreign company groups may have their annual profit and loss statement and balance sheet report audited, with special regard to the compliance with international accounting standards and preparation of the preliminary balance sheet needed for group consolidation.

Our office will audit your financial statements, certify conformity of accounting records and compliance of the financial statements with legal prescriptions and standards. As a result of our audit, we issue our independent audit report on the financial statements – including also consolidated financial statements. As conclusion of our controls, we prepare a supplementary audit report, in foreign languages, too, if required. Budapest Consultans Kft. has an experience of several decades in performing audit of clients’ financial statements according to international audit standards (IFRS, US-GAAP, HGB).

Budapest Consultans Kft. has the special authorizations also for auditing financial organizations.

Reorganization of companies requires services of an independent auditor. We have accumulated considerable experience in this field during the past years and we cooperated even in audit of cross-border mergers.

When companies are sold or merged, goodwill often should be assessed. We prepare the required economic calculations to support you in making the right decisions and lend a hand in managing the actual transactions.

In our audit work, we use the documentation and quality assurance software developed by the largest German professional software company DATEV eG, meeting even the most stringent international requirements.

Business valuation:
It is known that the true value of your business is a key element in many of the business decisions you have to make; thus, complex business valuation cannot be left out of our offering. An accurate valuation of your business also plays a key part in:
– deciding whether and when to sell,
– understanding the relative values of businesses planning to merge,
– setting retirement objectives,
– valuation of employee share options,
– valuation of shares for other purposes.

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