In Europe the concept of local government is interpreted much more widely than it is generally understood among financial auditors. In Hungary this definition is mostly associated with the local and nationality governments and only rarely extends to the idea that non-governmental agencies,...

The institution of financial auditing was introduced in Hungary back in 1930 and, based on the English model, was called certified audit. This method of control was rejected by the socialist system and thrown into obscurity. The inland private (enterprise) sector's external and independent...