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 full report in Hungarian can be downloaded here.

The summary of the audit in English can be downloaded here.

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