Reporting under IFRS (International Financial Reporting Standards) is not merely a statutory requirement, but a strategic advantage. It promotes transparent financial operations, strengthens international investor confidence, and supports efficient group-level consolidation.

In Hungary, the application of IFRS has been permitted since 2015 and became mandatory for certain entities as of 1 January 2017. An increasing number of companies are choosing to transition to IFRS in order to produce consistent, comparable and internationally recognised financial information.

Why choose our IFRS services?

Our IFRS specialists bring extensive experience from both domestic and international engagements and deliver IFRS reports and financial statements tailored to your organisation’s specific reporting and management needs.

We support our clients throughout the entire IFRS journey — from the initial planning of the transition, through the preparation of IFRS-compliant financial statements, to ensuring full accounting and tax compliance.

Key advantages of our IFRS services

  • In-depth, up-to-date expertise in current IFRS standards, including amendments effective from 2025
  • End-to-end support across accounting, tax and internal control frameworks
  • Practical, solution-oriented advisory approach backed by international experience
  • Tailored service offerings for medium-sized and large enterprises
  • Accurate, timely and reliable financial reporting

IFRS Reporting and Financial Statements – Our Services

Our services cover the full IFRS reporting lifecycle, including:

  • Assessment of the financial, tax and administrative impacts of transitioning to IFRS
  • Professional support in the preparation of the opening IFRS balance sheet
  • Design of the IFRS transition strategy and project management support
  • Development and documentation of IFRS accounting policies
  • Design and implementation of IFRS-compliant systems and internal controls
  • Preparation of IFRS reports and statutory IFRS financial statements
  • Preparation of IFRS-based tax returns and related financial disclosures
  • Accounting reviews and financial due diligence in accordance with IFRS requirements

IFRS Transition – Comprehensive Support

Transitioning to IFRS represents one of the most complex transformations within an accounting framework. Our experts support your organisation in:

  • designing IFRS-compliant data structures and reporting processes,
  • eliminating parallel bookkeeping systems,
  • assessing tax and consolidation impacts,
  • and preparing IFRS financial statements and related tax filings.

We provide hands-on support throughout the transition process and assist in developing robust IFRS interpretations, ensuring that financial statements meet both international reporting standards and audit expectations.

Discover our comprehensive IFRS tax advisory services.

Technology and Quality Assurance

Automated workflows combined with RSM’s internal quality assurance framework ensure high accuracy, consistency and adherence to reporting deadlines.

Continuous Updates and Professional Support

Our accounting and IFRS professionals keep clients informed of legislative changes, newly issued IFRS standards and official interpretations through regular newsletters and professional publications.

Subscribe to our IFRS updates to receive timely insights and expert guidance.

Who are our IFRS services designed for?

  • Hungarian subsidiaries required to comply with IFRS reporting obligations set by their parent companies
  • Medium-sized and large enterprises seeking to enhance transparency, support international expansion or strengthen investor confidence
  • Companies preparing for an IFRS transition and looking for comprehensive, end-to-end professional support

Disclosure

Our accounting team covers the latest taxation modifications and legal interpretations published by the tax authority for our clients in a newsletter. Timely information on legislative modifications significantly contributes to financial plans and effective tax optimization.

Our company’s professionals also publish on our blog.

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Get in Touch

Request a tailored proposal from our IFRS experts.
We help ensure that your IFRS financial statements are accurate, reliable and fully aligned with international standards and audit requirements.