BPO AUDIT TAX

Audit

Certification of the annual financial statements by an auditor is a guarantee that the company complied with the professional standards and the relevant legislation when drawing up its financial statements. The practical benefit of an audit can be easily recognized in those special situations, when this credibility means a real financial advantage for an organization, for example, when an external investor is involved or a subsidiary’s audit report is accepted by a group auditor.

Auditor, audit firmBPO’s audit services are used by companies for which – in addition to the compliance with legislative requirements – it is an important criterion that the auditor’s name and work means quality and responsibility.

BPO-AUDIT is the auditor of the Chamber of Hungarian Auditors.

•  Audit of mergers and acquisitions
•  Tax and financial due diligence
•  Internal audit services
•  Preparation and review of policies
•  Company valuation
•  Audit of grants

 

audit, auditing budapest


Guarantee and security

As auditors, our work is overseen by the Chamber of Hungarian Auditors. During our previous quality controls, BPO-AUDIT received the best qualifications respectively.

As a member of MGI Worldwide International Network of Audit Firms it is binding for us to meet the high service and quality criteria set out by the organization. Only a few audit firms undergo such a high level international quality control in Hungary.

However, one of the most reliable criteria of the professional standard provided by BPO-AUDIT is the acceptance of the profession, manifested in the fact that the audit reports we issue are also approved by other auditors at international level.

An example of why you should choose us:

Our client was a Hungarian startup company. The venture capital investor asked BPO to perform a full financial due diligence of the startup prior to the investment, on the basis of which the investor decided to invest in the company. Following the investment the owners appointed BPO as the auditor of the Company. In the 4th year following the investment our client was acquired by an international company. During the transaction, we assisted the owners with our tax advisory services.  The transaction value exceeded HUF 5 billion.

International experience and background

As a member of MGI Worldwide International Network of Audit Firms we are experienced in the audit of the Hungarian subsidiaries of international companies, which we can perform both in Hungarian and English. During the audit of subsidiaries we usually communicate in English with the parent company and the group auditor. We can also perform the audit of consolidation package in accordance with other international accounting standards, like IFRS or USGAAP, according to the group auditor’s needs.

Thanks to our MGI Worldwide Network membership, in addition to individual financial statements, we are also able to perform the audit of international groups, which – beside the audit of subsidiaries in other countries - may include the audit of the group reporting.

An example of why you should choose us:

The audit of an international group of companies was performed by one of the BIG4 audit companies. The Hungarian subsidiary was so small compared to the size of the group that the parent company allowed them to choose an auditor different from that of the group. The subsidiary could only choose an auditor who is also present at international level and their audit report is accepted by the group auditor. This is how the subsidiary chose BPO-AUDIT.

Additional services

Auditors may perform only limited additional services to their clients by maintaining their professional independence and only if these services are performed by auditors distinct from the audit working group. While maintaining the independence criterion, it is possible to make use of our additional specialized professional services as well.


•  Audit of mergers and acquisitions
•  Tax and financial due diligence
•  Internal audit services
•  Preparation and review of policies
•  Company valuation
•  Audit of grants

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