The growing globalisation of business operations, and hence the need of investors for transparent and comparable financial information, are what call for the International Financial Reporting Standards (IFRS).
The change in the regulatory environment is a milestone in the local adaptation of the IFRSs. This is an opportunity for Hungarian companies to prepare internationally understandable and comparable financial statements for their stakeholders which present the accounting processes based on their substance.
The KPMG Accounting Advisory Group in Hungary specialises in converting from one accounting system to another. Our staff are well aware that this is more than just an accounting issue – the conversion can have impact upon the entire organisation, and hence they are well-versed in managing all aspects of the conversion process, with broad expertise in successfully implementing and coordinating complex, global and high-volume projects.