Financial Auditing
Stable background under extreme circumstances
Independent, risk-based audit services in Hungarian and international reporting environments.
Audit is not only a statutory requirement. Reliable financial information is the basis for shareholder, management, bank and investor decisions, especially when a company is growing, operating as part of a group, meeting international reporting expectations or preparing for a restructuring.
Crowe provides independent assurance while also giving management-level feedback on risks, control points and accounting matters identified during the audit process.
Request a consultation with our experts, or send us your request for a proposal!
Where we add value
A planned, risk-based audit process
We do not treat the audit as an administrative check. Our work focuses on material risks, the reliability of financial statements, the control environment and the transparency of the reporting process.
A planned, risk-based audit process
International methodology, Hungarian compliance
We work with the professional background and audit methodology of Crowe Global, while consistently applying Hungarian accounting, audit, ethical and independence requirements.
International methodology, Hungarian compliance
Support for groups and international reporting
For internationally owned companies, Hungarian subsidiaries and groups, we pay particular attention to group audits, consolidation interfaces and parent-company reporting expectations.
Support for groups and international reporting
Feedback for management and shareholders
The result of an audit is not limited to the audit report. During the process, we also share observations that can help improve closing procedures, controls, accounting treatments and financial reporting.
Feedback for management and shareholders
When do clients usually contact us?
when a company is subject to statutory audit requirements
when shareholders, the parent company, banks, investors or management require independent assurance over financial statements
when a Hungarian subsidiary needs to align with an international group audit or reporting package
when the company faces IFRS, HB II, US GAAP or other group-level reporting requirements
when a transformation, merger, demerger, contribution in kind or transaction creates a specific audit need
when closing processes, internal controls or financial reporting reliability need improvement
when a change of auditor, rapid growth or organisational change requires a stable audit partner with international background
How can we help?
Audit of annual financial statements
Audit of annual financial statements and financial reports prepared under Hungarian accounting rules, focusing on material risks, the reporting process and the reliability of financial data.
Audit of annual financial statements and financial reports prepared under Hungarian accounting rules, focusing on material risks, the reporting process and the reliability of financial data.
Audit of consolidated financial statements and groups
Audit support for groups, Hungarian and international subsidiaries and consolidation processes, with international coordination where required.
Audit support for groups, Hungarian and international subsidiaries and consolidation processes, with international coordination where required.
IFRS, HB II, US GAAP and reporting package support
Audit and assurance support related to international reporting and parent-company reporting expectations, including matters arising under IFRS, HB II, US GAAP or group-specific reporting package environments.
Audit and assurance support related to international reporting and parent-company reporting expectations, including matters arising under IFRS, HB II, US GAAP or group-specific reporting package environments.
Transformation and special audit engagements
Support for transformation balance sheets and asset inventories, merger and demerger processes, contribution-in-kind reviews and other special audit assignments.
Support for transformation balance sheets and asset inventories, merger and demerger processes, contribution-in-kind reviews and other special audit assignments.
Accounting matters and audit readiness
Support in preparing for audit, reviewing open accounting matters, closing schedules, documentation, subledger-to-general-ledger reconciliations and reporting control points.
Support in preparing for audit, reviewing open accounting matters, closing schedules, documentation, subledger-to-general-ledger reconciliations and reporting control points.
Internal controls and process observations
Management-level feedback on process and control risks identified during the audit, particularly in closing, approval, documentation and reporting areas.
Management-level feedback on process and control risks identified during the audit, particularly in closing, approval, documentation and reporting areas.
Audit cooperation with international groups
Cooperation with parent-company auditors, group auditors and foreign finance teams through clear timing, documented communication and structured data requests.
Cooperation with parent-company auditors, group auditors and foreign finance teams through clear timing, documented communication and structured data requests.
Why choose Crowe?
Independence and professional discipline
Audit relies on independent professional judgement, ethical requirements, quality management and a documented audit process. We apply these principles consistently in every engagement.
Audit relies on independent professional judgement, ethical requirements, quality management and a documented audit process. We apply these principles consistently in every engagement.
International background, local execution
The Crowe Global member-firm background enables coordinated work for international groups, while our support remains tailored to the Hungarian regulatory and business environment.
The Crowe Global member-firm background enables coordinated work for international groups, while our support remains tailored to the Hungarian regulatory and business environment.
Communication that is useful for management
For CFOs, finance directors, shareholders and audit committees, we provide not only technical findings but also prioritised feedback that is clear from a business perspective.
For CFOs, finance directors, shareholders and audit committees, we provide not only technical findings but also prioritised feedback that is clear from a business perspective.
Technology- and data-driven mindset
In the audit process, we aim for efficient data collection, structured documentation and analyses that support more targeted risk identification.
In the audit process, we aim for efficient data collection, structured documentation and analyses that support more targeted risk identification.
Request a consultation with our experts, or send us your request for a proposal
Frequently asked questions
When is an audit mandatory?
Audit requirements must be assessed under the relevant Hungarian rules, size thresholds, activity, legal form and any other special requirements. The exact obligation should always be reviewed case by case.
How is an audit different from an accounting review?
An audit is aimed at issuing an independent auditor’s opinion in accordance with professional standards. An accounting review or audit readiness assessment is usually focused on identifying risks, gaps and preparedness before the audit.
Can Crowe work with international groups and parent-company auditors?
Yes. For Hungarian subsidiaries, groups and foreign parent-company reporting, we support tasks related to group audits, reporting packages and international communication.
Audit requirements must be assessed under the relevant Hungarian rules, size thresholds, activity, legal form and any other special requirements. The exact obligation should always be reviewed case by case.
An audit is aimed at issuing an independent auditor’s opinion in accordance with professional standards. An accounting review or audit readiness assessment is usually focused on identifying risks, gaps and preparedness before the audit.
Yes. For Hungarian subsidiaries, groups and foreign parent-company reporting, we support tasks related to group audits, reporting packages and international communication.
When is audit readiness support useful?
Audit readiness support can be useful in the case of a new audit relationship, rapid growth, system or process changes, joining a group, IFRS/reporting package requirements or previous closing difficulties.
Will management receive feedback during the audit?
Yes. Within the audit process, we provide structured feedback on material risks, control points and improvement opportunities related to the financial statements and the processes reviewed.
Audit readiness support can be useful in the case of a new audit relationship, rapid growth, system or process changes, joining a group, IFRS/reporting package requirements or previous closing difficulties.
Yes. Within the audit process, we provide structured feedback on material risks, control points and improvement opportunities related to the financial statements and the processes reviewed.