Hungarian entities now have more time to prepare for the full
implementation of International Financial Reporting Standards
regulation.
Since 1 January 2016, Hungarian Accounting law has allowed
Hungarian companies to use the International Financial Reporting
Standards (IFRS) instead of statutory regulation. This staged
transition to IFRS saw minor rule changes implemented on 16 June
2016. Affected companies are required to implement IFRS from 1
January 2017.
The following entities may (or may choose not to) draw up their
annual reports in accordance with IFRS:
Description of
the company
|
From 1 January
2016
|
From 1 January
2017
|
| Entity whose
securities are listed on a regular market of any Member State of
European Economic Area |
