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    • Grant Thornton in Hungary

          • The key to success is a partner with comprehensive knowledge and many years of experience. Our ambition is to serve dynamic organizations and we understand ourselves as specialists for the Central European region.

            Being a member firm of Grant Thornton enables us to represent the interests of our clients even outside of Central Europe. We think that the key to success is to have partners with comprehensive knowledge and many years of experience.

            Our consultants are specialists for the Central European region and our firm has strong links with Grant Thornton member firms in the region.

            Over the past years, Grant Thornton has built a strong position on the Hungarian market as a provider accounting, payroll, valuation and Corporate Finance services.

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    • Audit & Assurance

          • Audit & Assurance

            • Mandatory audits and voluntary audits of single-entity and consolidated financial statements
            • Obligatory and voluntary audits of annual financial statements and group financial statements
            • Audits of foundations
            • Due diligence audits
            • Audits pursuant to capital market law (listing prospectuses and investment fund annual reports)
            • High Level Reviews
            • Agreed upon procedures
            • Special audits (company transformations, mergers, special audits according to stock corporation law, etc.)
            • Accounting audits and management audits, especially as auditors of associations
            • Audits for fraud detection
    • Tax consultancy
    • Tax compliance
    • Accounting

          • Accounting

            • Journal entry of ongoing business transactions and computer-based record-keeping
            • Compilation of regular analysis reports and information on business development
            • Preparation of single-entity financial statements, notes to financial statements and drafting assistance for the report of the management board
            • Preparation of tax returns
            • Notifications to the Companies Register and other public authorities
    • Payroll

          • Payroll

            • Full-scale payroll services, calculation of salaries, taxes and contributions to be paid
            • Management of payroll reports, online sending of pay slips to employees, with password protection
            • Preparation and filing of data disclosures, returns and notifications to the authorities
            • Administration of new and leaving employees
            • Monitoring and administration of leaves and other absences
            • Preparation of employer’s certificates, tax certificates
            • Administration of terminations of employment, resignations, dismissals
            • Salary payments by bank transfer
            • Completion of tax and social security transfer orders
            • Social security benefit claims and administration
            • Performance of social security paying agent duties
            • Representation before the authorities in case of audits
            • Preparing reports
            • Payroll and employment administration advisory service
    • Strategic consultancy

          • SPECIAL AREAS OF EXPERTISE

            • Corporate governance by owner model
            • Succession management, generational change
            • CEO consulting
            • Creation of corporate strategy
            • Developing effective, collaborative, visible management
            • Development of sales organisations
            • Business mentoring for middle and senior managers
            • Interim management
            • Consultancy in case of planned outsourcing
            • Subsidies related to company formation
            • Business plans and feasibility studies
            • Consultancy and support prior to negotiations with banks
    • Transaction advisory service

          • Corporate Finance

            • Mergers, acquistions (sale side and purchase side Consulting)
            • Organization of tenders
            • Set up transaction structures
            • Due diligence
            • Project, debt and equity financing
            • Valuation services
            • Public and private capital market transactions (ECM, DCM)
    • Labour administration & HR services

          • Labour Administration

            • Payroll preparation administration: support for the payroll accounting activities, pre-processing of lost working time, vacation days, absences due to illness. Collecting the input data for and preparing them for payroll accounting.
            • Tasks arising in connection with working time banking system, monitoring the issuance of rest periods and ensuring compliance with the rules of maximum working time.
            • Preparing, updating and modifying of HR personnel materials. Drawing up the documentation necessary for terminations of employment.
            • If required, labour registration tasks, requesting social security and tax identification numbers.
            • Conducting internal audits at regular intervals, making recommendations for eliminating any deficiencies identified.

          • HR contact representation:

            • Maintaining contact with employees via the designated channel of communication, to answer everyday questions.
            • Designation of a liaison person between internal financial departments and payroll accounting.
            • Providing opinions with respect to dubious situations, being continuously available for consultation in HR-related questions.

          • HR Consultancy:

            • Development of HR processes, structural systematisation, overview and due diligence of positions and work organisation, organisational development consultancy.
            • Establishing compensation systems, with the examination of tax and expense consequences, as well as internal policies Creating cafeteria and grade systems.
            • Labour market consultancy, supporting recruitment and selection, from the identification of labour demand needs to implementing the onboarding process.
            • Surveying the needs for, as well as creating internal policies contributing to more efficient operations.
    • Valuation

          • Financial Valuations:

            • Company valuation
            • Valuation of intangible assets (know-how, brand name, licence, technology, software, etc.)
            • Business planning
            • Market modelling
            • Capitalization rate structuring
            • Purchase price allocation
            • Impairment testing (IFRS, US GAAP)
            • AMADEUS database research and benchmark studies for transfer pricing

          • Fixed Asset Valuation:

            • Real estate valuation
            • Machinery and equipment valuation
            • Collateral valuation
            • Independent technical advisory
            • Feasibility studies
            • Technical due diligence
            • Valuation for insurance purposes
            • Remaining life estimation
    • Controlling and management reporting

          • Controlling

            • Interim financial management
            • Reviewing of financial systems and processes
            • Design, implementation and operation of controlling and reporting systems
            • Management of the introduction of business intelligence (BI) and enterprise resource planning (ERP) systems
    • Accounting and Tax automation
    • Transfer Pricing Advisory

          • Transfer Pricing Advisory

            • Transfer pricing advisory
            • Preparation of transfer pricing documentation
    • Whistleblowing

          • Whistleblowing

    • NIS2 consultancy
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  • Glossary
    • Build your career at Grant Thornton

          • Build your career at Grant Thornton

            As a dynamic and growth-oriented company, we offer excellent career opportunities in an international environment.

            We welcome applications by both career-starter and experienced candidates in the following areas: tax consultancy, auditing, accounting and payroll, corporate consultancy, corporate finance and asset valuation.

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Glossary ISSB (International Sustainability Standards Board)

ISSB (International Sustainability Standards Board)

ISSB (International Sustainability Standards Board): Creator of Global Sustainability Reporting Standards

The International Sustainability Standards Board (ISSB) is an organization under the IFRS Foundation, established to develop global sustainability reporting standards. The ISSB aims to provide unified, transparent, and comparable standards for assessing companies’ sustainability performance, supporting investors in making long-term sustainable decisions.

Why Was the ISSB Established?

Demand for sustainability reporting standards has increased over the past decades as climate change and other global environmental challenges have become pressing. Integrating financial and non-financial data is essential for companies and investors to make informed decisions while considering ESG (Environmental, Social, Governance) factors. The ISSB aims to meet this need and provide a globally unified framework that offers reliable information on sustainability practices.

Established in 2021, the ISSB is tasked with developing global sustainability reporting standards particularly relevant for investors, financial institutions, and other stakeholders. These standards enable companies to transparently and comparably disclose their sustainability data, making it easier for investors to make decisions based on sustainability criteria.

How the ISSB Operates

The ISSB operates as part of the IFRS Foundation, a world organization responsible for developing the globally recognized International Financial Reporting Standards (IFRS), used in over 140 countries. The ISSB’s goal is to create sustainability reporting standards consistent with IFRS, making them as uniform and globally applicable as financial data.

The ISSB not only focuses on environmental aspects (e.g., climate change) but also considers social and governance (ESG) factors. The standards aim to provide a comprehensive view of companies’ sustainability risks and opportunities that could impact their financial performance. The ISSB standards help companies publicly disclose their sustainability efforts and impacts, increasing market transparency and trust. For investors, they provide the means to make well-informed decisions by accounting for long-term sustainability risks and opportunities.

Advantages of Global Standardization by the ISSB

  • Comparability: Companies’ sustainability performance becomes easier to compare across different regions and industries, simplifying investment decisions.
  • Transparency: ISSB standards make sustainability reports more reliable and transparent, reducing the risk of greenwashing.
  • Uniformity: Standardized reporting allows companies worldwide to apply the same principles in sustainability reports, aiding both regulators and investors.
  • Promoting Sustainable Finance: With ISSB standards, investors can better understand which companies and projects contribute to sustainability goals, fostering growth in green finance.

The ISSB’s Future

The ISSB’s work continues to evolve, with more countries and companies expected to adopt its standards. Global markets are increasingly committed to sustainability, positioning ISSB standards as key to expanding sustainable business practices and green transitions. The ISSB’s long-term goal is to ensure that sustainability data plays an equally significant role in investment decisions as financial data. This not only provides a valuable tool for investors but also supports companies in becoming more sustainable and positively impacting the environment and society.

Related Services

Sustainability, ESG consultancy

We support our clients in sustainability transformation and compliance with reporting/regulatory obligations.

Auditing of the sustainability report

The purpose of an ESG audit is to ensure reliable reporting.

GAP analysis from a CSRD/ESG perspective

Following the analysis, focus areas will be identified and a roadmap for addressing the issues will be jointly developed.

Preparation of Annual Sustainability Report (CSRD/GRI)

Support in the preparation of an annual sustainability report based on CSRD/ESRS or GRI.

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