The audit of the National Bank of Hungary has been completed
March 19, 2025
The report of the State Audit Office of Hungary (SAO) on the audit of MNB (the central bank of Hungary) is now public. The audit focused mainly on real estate investments made by MNB through the business companies it set up. According to the SAO, the MNB did not always meet the requirements of economical operation, and the controls over its financial management were not fully fulfilled.
SAO report on the audit of the Neumann János University Foundation is now available
March 19, 2025
The State Audit Office of Hungary (SAO) audited the investments of the Neumann János University Foundation in long-term debt securities. The SAO found that the investments did not comply with the requirements of responsible financial management. The SAO made recommendations to the auditees and also filed a criminal complaint for suspected mismanagement of public assets.
The State Audit Office of Hungary has made the report on the management of the Pallas Athéné Domus Meriti Foundation (PADME) public
March 19, 2025
The State Audit Office of Hungary audited, among other things, whether the Foundation’s assets were managed in accordance with the requirements of responsible financial management. The SAO found a number of shortcomings in this area, therefore it made recommendations to the auditees and filed a criminal complaint for suspected mismanagement of public assets.
Budapest-Capital Regional Court: the State Audit Office of Hungary acted lawfully in its audit of campaign financing
March 19, 2025
In its verdicts of 18 March 2025, the Budapest-Capital Regional Court found that the Hungarian State Treasury acted lawfully on the basis of the audits conducted by the State Audit Office of Hungary (SAO) on the subject of party financing. The SAO, acting within the scope of its duties, lawfully carried out the audit.
Zsolt Herczegh, audit director of the State Audit Office of Hungary, has been awarded the Officer’s Cross of the Order of Merit of Hungary
March 13, 2025
On the occasion of the anniversary of the beginning of the 1848 Revolution and War of Independence, dr. Tamás Sulyok, President of Hungary, awarded the Officer’s Cross of the Order of Merit of Hungary to Zsolt Herczegh, audit director.
The SAO supports the regular functioning and financial management of sports organisations through a self-test
February 13, 2025
With the self-test recently published by SAO, it intends to support that the operation of sports clubs and federations subject to the Sports Act, which define the organisation of sports activities and the creation of conditions for sports activities as their core activity is in accordance with the legal requirements.
The use of digital tools and technologies in agriculture is a challenge, but can improve performance
February 13, 2025
The State Audit Office of Hungary (SAO) has completed its performance audit on the effectiveness of measures related to digital agriculture and the uptake of digital solutions for the years 2019-2023. Based on the audit, the SAO found that the use of digital tools and technologies has been effective in optimising processes and reducing costs. However, farmers have only partially used data from precision farming tools to make agricultural decisions, and it is necessary to further encourage farm-level data use and data-based decision-making.
Meeting of the OECD Heads of SAIs
February 6, 2025
The main topics of the conference included performance auditing, audits on sustainability issues and empowering public understanding.
The SAO’s latest reports call attention to the improvement of local governments’ housing stock and its planned use
January 31, 2025
The State Audit Office of Hungary (SAO) audited the utilisation of the housing stock owned by three districts of the capital and three cities with county rights between 2018 and the first half of 2023. The findings include that although the number of low-comfort housing units has decreased in all six local governments, the low level of spending on development and renovation poses a risk to preserving the value and condition of the housing stock owned by the local governments.
The Court of Audit of the Republic of Slovenia celebrates its 30th anniversary
December 11, 2024
Dr. Csaba Szomolai represented the State Audit Office of Hungary at the ceremony held on 8-9 December 2024 in Brdo to mark the 30th anniversary of the establishment of the Court of Audit of the Republic of Slovenia.
The audit of the National Bank of Hungary has been completed
March 19, 2025
The report of the State Audit Office of Hungary (SAO) on the audit of MNB (the central bank of Hungary) is now public. The audit focused mainly on real estate investments made by MNB through the business companies it set up. According to the SAO, the MNB did not always meet the requirements of economical operation, and the controls over its financial management were not fully fulfilled.
SAO report on the audit of the Neumann János University Foundation is now available
March 19, 2025
The State Audit Office of Hungary (SAO) audited the investments of the Neumann János University Foundation in long-term debt securities. The SAO found that the investments did not comply with the requirements of responsible financial management. The SAO made recommendations to the auditees and also filed a criminal complaint for suspected mismanagement of public assets.
The State Audit Office of Hungary has made the report on the management of the Pallas Athéné Domus Meriti Foundation (PADME) public
March 19, 2025
The State Audit Office of Hungary audited, among other things, whether the Foundation’s assets were managed in accordance with the requirements of responsible financial management. The SAO found a number of shortcomings in this area, therefore it made recommendations to the auditees and filed a criminal complaint for suspected mismanagement of public assets.
Budapest-Capital Regional Court: the State Audit Office of Hungary acted lawfully in its audit of campaign financing
March 19, 2025
In its verdicts of 18 March 2025, the Budapest-Capital Regional Court found that the Hungarian State Treasury acted lawfully on the basis of the audits conducted by the State Audit Office of Hungary (SAO) on the subject of party financing. The SAO, acting within the scope of its duties, lawfully carried out the audit.
Zsolt Herczegh, audit director of the State Audit Office of Hungary, has been awarded the Officer’s Cross of the Order of Merit of Hungary
March 13, 2025
On the occasion of the anniversary of the beginning of the 1848 Revolution and War of Independence, dr. Tamás Sulyok, President of Hungary, awarded the Officer’s Cross of the Order of Merit of Hungary to Zsolt Herczegh, audit director.
The SAO supports the regular functioning and financial management of sports organisations through a self-test
February 13, 2025
With the self-test recently published by SAO, it intends to support that the operation of sports clubs and federations subject to the Sports Act, which define the organisation of sports activities and the creation of conditions for sports activities as their core activity is in accordance with the legal requirements.
The use of digital tools and technologies in agriculture is a challenge, but can improve performance
February 13, 2025
The State Audit Office of Hungary (SAO) has completed its performance audit on the effectiveness of measures related to digital agriculture and the uptake of digital solutions for the years 2019-2023. Based on the audit, the SAO found that the use of digital tools and technologies has been effective in optimising processes and reducing costs. However, farmers have only partially used data from precision farming tools to make agricultural decisions, and it is necessary to further encourage farm-level data use and data-based decision-making.
Meeting of the OECD Heads of SAIs
February 6, 2025
The main topics of the conference included performance auditing, audits on sustainability issues and empowering public understanding.
The SAO’s latest reports call attention to the improvement of local governments’ housing stock and its planned use
January 31, 2025
The State Audit Office of Hungary (SAO) audited the utilisation of the housing stock owned by three districts of the capital and three cities with county rights between 2018 and the first half of 2023. The findings include that although the number of low-comfort housing units has decreased in all six local governments, the low level of spending on development and renovation poses a risk to preserving the value and condition of the housing stock owned by the local governments.
The Court of Audit of the Republic of Slovenia celebrates its 30th anniversary
December 11, 2024
Dr. Csaba Szomolai represented the State Audit Office of Hungary at the ceremony held on 8-9 December 2024 in Brdo to mark the 30th anniversary of the establishment of the Court of Audit of the Republic of Slovenia.