Internal audit

• audit the simplified and standard year-end reports of companies in case of obligatory audit requirement
• voluntary internal audit of the simplified and standard year-end reports
• audit of restructuring balance and planned asset inventories in case of company restructurings
• audit of final balance and asset inventories in case of company restructurings
• consulting
• valuation of assets supplied as own capital

Internal audit is not required if on average the net revenue of the comapny does not exceed HUF 100m in the past two years and the average staff number does not exceed 50 in the past two years. These two conditions are to be met concurrently.

The internal auditor should be elected by the shareholder assembly of the company at the same time of fixing the year-end financial reports.

A previous requirement of internal audit for limited trading companies (Kft.) with a single shareholder has been abolished.