Economics
Expansion in auditing market
The Hungarian auditing market expanded by 7.83% last year while the share of the 10 biggest companies increased from 49% to 49.6% in 2003. The top 4 auditing firms, PricewaterhoseCoopers, KPMG, Ernst&Young and Deliotte holds 44.9% of the aggregate turnover of all auditing companies in Hungary. MriAudit Hungary Kft, a corporation formed in April by seven smaller auditing firms and a member of the Moores Rowland International association is 5th on the list with its Ft 549 million in turnover last year. Independent auditors also gained ground in 2003, their market share increased from 12% to 14%. (Vg 1) R.G.
