Operation of the Hungarian State Holding Company in 2009 Read full summary in English
The State Audit Office of Hungary audited the Hungarian State Holding Company (hereinafter: HSHC). The aim of the audit was to evaluate if the practice of the property management system and activities were in harmony with the goals stipulated by the legislation, if the institutional system established for state property management and utilisation ensured the efficient functioning of the state assets and the preservation of its values.
- the project initiation had weaknesses in project scoping, planning
- Inadequate project controls (e.g change management, risk management)
- The project could not meet the deadlines/(delayed)
- The system could not meet/fulfil the business requirements
- the state property management system is not comprehensive and up-to-date
- no consistency between analytical records and the general ledger
- ineffective property management
- the financial report of HSHC is not reliable (does not provide a clear view of the financial processes)