Latest on SAO

Efficient use of our water resources can boost the competitiveness of agriculture

This year the State Audit Office of Hungary (SAO) is continuing its audits on the protection of domestic waters. In its latest audit on the subject, the SAO assessed the complex system of agricultural water management and the sustainability of agricultural water use for the years 2019-2023. The audit found that progress has been made in the efficient use of water resources, but that further improvements are needed, particularly in view of the consequences of climate change on water resources.

The audit of the National Bank of Hungary has been completed

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

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

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.

The use of digital tools and technologies in agriculture is a challenge, but can improve performance

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.

Efficient use of our water resources can boost the competitiveness of agriculture

This year the State Audit Office of Hungary (SAO) is continuing its audits on the protection of domestic waters. In its latest audit on the subject, the SAO assessed the complex system of agricultural water management and the sustainability of agricultural water use for the years 2019-2023. The audit found that progress has been made in the efficient use of water resources, but that further improvements are needed, particularly in view of the consequences of climate change on water resources.

The audit of the National Bank of Hungary has been completed

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

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

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.

The use of digital tools and technologies in agriculture is a challenge, but can improve performance

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.
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