Professional Documents
Culture Documents
March, 2019
The law obliges all companies to audit, but waives this obligation depending on the value limit.
In 2018, the company’s turnover amounted to Establishment of the company is 1st August
HUF 250 million, with an average number of 45 2018.
employees. In 2018, the company’s turnover amounted to
HUF 150 million, with an average number of 15
The average sales revenue (50+250) / 2 = HUF employees.
150 million, which is less than HUF 300 million.
The ’annualization’ of sales revenue is 150/5 x
The average number of employees (15+45 12 = HUF 360 million, which is more than HUF
person) / 2 = 30 employees, which is less than 300 million.
50 employees.
The company is subject to an audit from 2019
The two exemption clauses are simultaneously on.
met; thus the company is not required for audit
from 2019 onwards.
Establishment of the company is 1st August
2017
In 2017, the turnover of the company was
HUF 250 million and the average number of In 2017, the company’s turnover amounted to
the employees was 15 people HUF 50 million, with an average number of 5
employees.
In 2018, the company’s turnover amounted to
HUF 350 million, with an average number of 45 In 2018, the company’s turnover amounted to
employees. HUF 350 million, with an average number of 45
employees.
The average sales revenue (250+350) / 2 = HUF
300 million. The ’annualization’ of sales revenue of 2017 is
50/5 x 12 = HUF 120 million. (120+350)/2 = HUF
The average number of employees (15+45 235 million, which is less than HUF 300 million.
person) / 2 = 30 employees, which is less than
50 employees. The company is not required for audit for 2018.
The two exemption clauses are simultaneously If the numbers of accounting indicate that the
met; thus the company is not required for audit year is subject to audit, then the auditor should
from 2019 onwards. be appointed by the main board of the company.
The appointment must be made during the
general meeting or an assembly, in a form of the
owner’s decision or resolution, depending on the
form of the company.
Disclaimer
Contact
Zsuzsanna Gyenge Ungerné
Accounting and Payroll Manager
E-Mail: zsuzsa.gyenge@accace.com
Phone: +36 141 235 36
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