SIX Exchange Regulation updates IFRS Circular for findings in the financial statements for the financial year 2012
11 Oct 2013
SIX Exchange Regulation has updated the circular describing in detail the obligations of issuers who have chosen to apply IFRS as their accounting standard. It makes reference to IFRS that, in a number of instances, have resulted in findings from SIX Exchange Regulation. The Circular on IFRS is revised and amended annually.
The updates regarding the presentation of financial statements and the description of the significant accounting policies, impairments on assets, and insurance contracts, which are included for the first time, deserve particular attention.
Please click for the updated Circular No. 2 International Financial Reporting Standards (IFRS) on the SIX Exchange Regulation website. All amendmends are highlighted in red font.
SIX Exchange Regulation also reminds companies that the areas of focus for the reviews of financial statements for the financial years 2012 and 2013 were published in September 2012. In contrast to the past practice of SIX Exchange Regulation, the areas of focus for the review of financial statements for the financial year 2014 will be published already at the end of March 2014.
