Summary 9 posts
A new Hungarian regulation under the NIS2 framework has been introduced, governing the methodology of cybersecurity audits and the official price cap, i.e., the maximum fee that can be charged for a cybersecurity audit.
Read moreAs of 2025, several important changes will come into force in the field of auditing, most notably the change in the audit threshold. In our blog, we have summarized the impact of this change on the auditing profession and which entities should consider opting for an audit and why.
Read moreAs of 1 January 2025, the new Cybersecurity Act will govern the Hungarian implementation of the NIS2 Directive. Under the Cybersecurity Act, NIS2 covered entities are required to enter into an agreement with a registered auditor to conduct a cybersecurity audit within 120 days of registration.
Read moreThe Environmental, Social & Governance (ESG) framework is increasingly playing a significant role in corporate operations and reporting obligations, with one of its goals being to assist in compliance with the European Green Deal. In our blog, we will review what ESG entails, how it impacts various industries, and the requirements imposed by international and domestic regulations. Learn what companies need to prepare for in light of the new reporting standards!
Read moreThe meaning and purpose of the ESG (Environmental, Social & Governance) framework is to ensure that companies operate in a sustainable manner over the long term, while taking into account environmental, social and governance aspects. HR plays a key role in the social pillar of ESG where diversity, equity and inclusion are of paramount importance.
Read moreThe issue of cybersecurity is of paramount importance among the new challenges of the digital age. The European Union\'s NIS2 Directive establishes a regulatory framework to protect the EU\'s digital infrastructure by enhancing information security. NIS2 is not just another bureaucratic hurdle, but an opportunity for companies to review and strengthen their IT risk management strategies. How can good risk management help you prepare for NIS2?
Read moreHungarian companies affected by the NIS2 Directive are required to file their NIS2 registration application to the Supervisory Authority of Regulated Activities (SZTFH). Even though thousands of companies in Hungary are affected by the NIS2 Directive, many are not even aware that the new cybersecurity regulation applies to them. If an organization under the NIS2 Directive fails to meet the requirements and deadlines of the NIS2 Directive in Hungary, it may face significant financial consequences: a penalty of up to HUF 50–350 million.
Read moreYet, I still believe the most important question is what is best for the audit market and audit quality.
Read moreAudit obligation in 2013 – what should companies look out for to make sure that they meet statutory obligations (step one).
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