A bridge between Hungarian accounting and international reporting

For international corporate groups, aligning Hungarian accounting data with IFRS or US GAAP-based reporting is an operational requirement. Consolidation, management reporting and audit processes all depend on financial data being available accurately, traceably and according to a consistent methodology.

Grant Thornton’s bridge file service creates a structured link between the Hungarian accounting system and international standards. We prepare auditable and transparent documentation that supports group-level reporting and reduces the burden of reconciliations.

When may bridge file preparation be required?

The service can be particularly relevant:

  • when reporting to a foreign parent company,
  • when preparing consolidation packages,
  • for IFRS or US GAAP-based management reporting,
  • to support audits and discussions with auditors,
  • or for companies where multiple accounting frameworks need to be managed in parallel.

What does the bridge file include?

The documentation is always tailored to the company’s reporting structure and group-level requirements. Our service includes, among other things:

  • structured identification of accounting differences,
  • detailed presentation of adjustments and reclassifications,
  • preparation of annotated, auditable documentation,
  • reconciliation with general ledger data,
  • consolidation and reporting support.

How does it support operations?

The bridge file supports the finance team, parent company reporting and audit processes alike. Consistent documentation enables faster reconciliations, improves internal transparency and reduces the risk of consolidation errors.

Where required, our accounting, IFRS and tax advisory specialists work together to develop the appropriate accounting treatment.

What business benefits can it provide?

A well-structured bridge file supports faster group-level closing and more predictable reporting processes. Transparent documentation can reduce the number of questions from the parent company and auditors while providing a more reliable basis for international accounting compliance.