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Audit of EU subsidies and contribution in kind
Audit of contributions in kind During capital increase, mergers or foundation of corporations contribution in kind may be involved in the transaction. According to Hungarian laws, the valuation of contribution in kind must be reviewed by an independent auditor to establish a fair value.
The fair valuation of an contribution in kind is a complex service and may involve other professionals such as business and real estate valuator. During an audit of contribution in kind we provide complex service including advisory of the process and organising the involvement of other professionals, if needed.
Audit of subsidies provided by convergence programs of the European Union
Above a certain amount (usually HUF 50 million) the subsidies provided by the EU’s convergence programs are mandatory to be audited before submission of the closing financial report. It also requires special methodology and expertise.
Our professionals possess considerable experience in auditing of EU subsidies.
Audit of change in bookkeeping currency
Those Hungarian corporations which business transactions mostly occur in non Hungarian Forint, and due to the FX rate fluctuations the profitability cannot be forecasted properly, may elect to change the bookkeeping currency into other currency than HUF.
Such bookkeeping currency change must be audited, which we can also undertake.