- National Professional Accountancy Organisation Website: Treuhand-Kammer - Swiss Institute of Certified Accountants and Tax Consultants
- National Standard Setter: Swiss Foundation for Accounting and Reporting (Stiftung fûr Fachempfehlungen zur Rechnungslegung)
Financial Reporting Framework in Switzerland
Switzerland is not a member of the European Union and, therefore, is not subject to the EU IAS Regulation or Accounting Directives.
The Swiss Foundation for Accounting and Reporting publishes accounting standards (ARR/FER, oy wr 'Swiss GAAP'). Compliance with ARR/FER is required by all companies. However, compliance with IFRSs ensures compliance with ARR/FER, and many large Swiss companies have, for a number of years, followed IASs/IFRSs.
Starting with annual reports for 2005 and interim reports for 2006, most Swiss companies whose equity shares are listed on the main board of the Swiss Exchange are required to prepare their financial statements using either IFRSs or US GAAP. Swiss GAAP will not be permitted.
The only exception is for Swiss companies listed on the main board that are not multinational (that is, operate primarily in Switzerland). Those companies may continue to use the Swiss GAAP, or they may choose IFRSs or US GAAP.
Foreign listed companies may continue to use a national GAAP that the Exchange deems to be equivalent to IFRS or US GAAP.
The main board of the Swiss Exchange lists the shares of approximately 280 Swiss and 120 non-Swiss companies.
IAS Plus in German
Deloitte Germany offers a German translation of IAS Plus including all news stories and background material. The information is supplemented with news from Germany, Austria, Switzerland and Liechtenstein: www.iasplus.com/de. There is also an overview of all German language publications available on the site.