Auditing means the examination of authenticity of corporate accounts prepared for certain companies. Its aim is to help the owners, the management, lenders and potential investors to bring the right business decisions based on realistic and reliable information and for them to be able to manage the economic- financial situation of the venture. For this an important requirement is that the auditor is not depending from the venture so that an impartial opinion can be created.
In Hungary and in the European Union as well auditing and the activity of auditors is strictly regulated by laws, EU community rules and directives. The work of auditors and the procedures must be defined by auditing standards, which in Hungary are set up by the Hungarian Auditing Chamber based on international standards (IAS, US GAAP).
This gives the base to auditing carried out by our company as well. Continuous auditing means auditing according to company laws. In this case the auditor is due of all the rights and obligations, which are involved in the law.
"In case auditing" happens in the interest of a cause, which might be request for loan, presenting a tender, examination of the accounts for commission by the holder or re-examination of accounts for the mother corporation.
Serious professional and material responsibility lies upon the auditor for the work carried out.