The increasing globalisation of business activity and the resulting need for transparent and comparable financial information for investors necessitates the International Financial Reporting Standards (IFRS).

The change in the regulatory environment was a milestone for the application of the IFRS in Hungary. Since then, they have enabled Hungarian companies to produce separate financial statements for stakeholders that are comparable and understandable at international level, and present economic events and developments  based on their true substance.

KPMG’s Accounting Advisory Services practice in Hungary specialises in transitions from one system of accounting to another. .Our staff are aware that this is not just an accounting issue. Such a transition affects the entire organisation, so they are well-versed in managing all elements of the transition process and have extensive experience in successfully delivering and managing complex, global and large-scale projects.

Contact us if you have any questions!