accounting system in Hungary will serve in a guide to other countries to aid prudent/judicious financial decision-making …The accounting system currently in operation in several developing countries, though imported, cannot be completely … placed on formulating an efficient meaningful and workable system of accounting reporting for these types of businesses …

This report provides an assessment of accounting, financial reporting, and auditing requirements and practices within … the enterprise and financial sectors in Hungary using International Financial Reporting Standards (IFRS … benchmarks. It also draws on international experience and good practices in the field of accounting and audit regulation …