Könyvvizsgálati

Könyvvizsgálati refers to the matters, procedures and reports connected with könyvvizsgálat, the independent examination of an entity’s financial statements to determine whether they present a true and fair view of the financial position and performance. It is typically conducted by a licensed auditor and may be required by law or regulation for certain organizations. The auditor must be independent from the audited entity and follow professional standards, often based on international auditing standards adapted to the national context.

The könyvvizsgálati process includes planning, risk assessment, setting materiality, gathering audit evidence, testing transactions and controls, and forming an audit opinion. The result is a könyvvizsgálati jelentés (audit report) that accompanies the audited financial statements. The report may express an unqualified (clean) opinion, a qualified opinion, an adverse opinion, or a disclaimer of opinion, depending on the evidence obtained and any limitations identified. Audits typically examine compliance with applicable accounting frameworks, such as national accounting standards or IFRS, and may address statutory requirements or governance concerns.

In many jurisdictions, including Hungary, external audit is required for certain entities based on size, legal form, or public importance, while smaller undertakings may be exempt or elect to undergo voluntary audits. Könyvvizsgálati activity is distinct from internal audit, which is an internal assurance function performed within the organization. External auditing is generally overseen by professional bodies and regulated by relevant national law to ensure quality and independence.