The interpretation and use of IFRS (International Financial Reporting Standards) is recommended today not only to publicly listed companies and big, multinationals, but also to their subsidiaries, suppliers, to small and medium enterprises.
The Accountancy Act now allows companies to follow international standards, such as the IFRS, instead of the Hungarian ones, when preparing their financial statements. Undoubtedly, if a company’s financial statements are prepared according to the IFRS, they are more readily understood
by foreign investors, customers and suppliers, since they do not need to be familiar with the Hungarian laws to interpret them, and the data in these statements are more transparent and internationally comparable
. The IFRS changes continuously, and awareness of these changes and their effects at all times is important, which is an ongoing challenge for a manager dealing with accounting and financial issues. Our experienced associates, including IFRS-certified auditors, provides continuous support
to you in the establishment and review of accounting systems generating the necessary data, as well as in the preparation of IFRS-compliant financial statements and in special issues.