Audit of investment funds, financial enterprises, and voluntary funds
Audit of financial enterprises
Audit of investment funds, financial enterprises, and voluntary funds
Our firm’s experts provide audit services to financial enterprises and investment funds alike. We bring many years of experience and are committed to ensuring regulatory compliance throughout audits of financial enterprises.
Under Act CXXXVIII of 2007 on Investment Firms and Commodity Dealers and on the Rules Governing Their Activities (2007. évi CXXXVIII. törvény), an investment firm is a person or entity which – on the basis of a licence authorising the relevant activity under this Act – provides investment services or performs investment activities for third parties, for consideration, as part of its regular business operations.
Fund types by underlying assets
Real estate funds (ingatlanalapok): invest in real estate assets, such as property development or property trading.
Securities funds (értékpapíralapok): invest in equities and/or bonds. These may include traditional funds that provide access to exchange-traded assets.
Traditional funds (hagyományos alapok): typically invest in equities, bonds and money-market instruments, generally aiming to maximise returns or minimise risk.
Special funds (különleges alapok): follow specialised strategies, e.g. European funds, derivatives funds, index-tracking funds, yield-protected or capital-protected funds, often serving targeted investment objectives.
Venture capital funds (kockázati tőkealapok): invest in high-risk enterprises and initiatives, frequently in start-ups or technology innovations.
Private equity funds (magántőkealapok): provide capital to various companies, often with a view to acquiring an ownership or controlling interest.
Sub-fund structures (részalapok): provide additional diversification by creating multiple sub-portfolios within a single umbrella fund—for example, a securities fund that establishes sub-funds to invest across different sectors or regions.
Under Section 9 (1) of the Credit Institutions Act (Hpt.) (Act CCXXXVII of 2013 on Credit Institutions and Financial Enterprises), a financial enterprise is a financial institution which – with the exception of payment services, deposit-taking and currency exchange – provides one or more financial services, operates a payment system, or qualifies as a financial holding company. For example, most companies commonly referred to as leasing companies qualify as financial enterprises.
The auditor of an investment fund or a financial enterprise must be a qualified statutory auditor holding either a financial-institutions qualification or an investment-firms qualification, as required by the applicable regulations.
Why choose us?
We apply a wide range of IT and cloud-based technologies throughout the audit process to deliver the best possible service. Over the years, we have continuously developed innovative audit methodologies and leverage the potential of online data.
Our aim is not only to complete the audit but also to ensure client satisfaction. We regularly measure and evaluate satisfaction, and we continuously enhance our services based on client feedback. Our firm has extensive experience in audit. If you have any further questions regarding the above, we are at your disposal.
Business focus
Audit & Assurance
Accounting Advisory
Financial Due Diligence
Company Valuation
Tax Advisory
Transfer Pricing
documentation
Special certifications
IFRS Certification
Investment Firm
Financial Institutions
Pension Fund
Sustainability
Public Interest Entities
Industry focus
Automotive Industry
Commerce
Production & Manufacturing
Real Estate Management
Not-for-profit Organizations
Services
Financial Enterprises