This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRS Survey 2010: A closer look at financial reporting in Switzerland

  • 1010chIFRSsurvey.jpg Image

14 Oct 2010

Deloitte Switzerland has completed a first survey of the application of IFRS accounting standards by Swiss public companies.

The survey was based on 2009 annual reports published by 30 companies with a total market capitalisation of 572 billion francs, or 62% of the total market capitalisation of the Swiss stock exchange. In selecting the sample, the aim was to include not only the largest listed companies but also to ensure that entities which were selected varied as much by activity as by geographic location. Ten of the companies selected are included in the SMI index.

The main objectives of the survey were to discover:

  • the level of variety in presentation of the primary statements in listed companies' financial statements;
  • which critical judgments and key estimations directors consider to be the most significant when preparing their financial statements;
  • how compliance with disclosure requirements and the accounting policy choices made under IFRSs varied;
  • the impact of changes to accounting standards effective for the first time in 2009; and
  • how companies comply with disclosure requirements specific to Swiss listed companies.

Click for:

 

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.