IFRS Survey 2013: Focus on financial reporting by Swiss listed companies

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01 Oct 2013

Deloitte Switzerland has completed the fourth survey of the application of IFRS accounting standards by Swiss public companies. For the first time, the survey also includes a section on the emergence of Swiss GAAP FER as the number of companies switching from IFRSs to Swiss accounting standards continues to increase.

While in the past, companies switching from IFRS to Swiss GAAP FER were primarily small to medium-size listed groups, October 2012 witnessed the first ground-breaking switch of a company registered on the Swiss Market Index (SMI) and the debate around the choice of accounting standards will be of a greater focus in the future. The survey offers an analysis of the profiles of companies that switched from IFRS to Swiss GAAP FER in the last few years, discusses some of the pros and cons and highlights the key differences between these standards on the main financial reporting matters.

The newest issue of the survey also includes a qualitative review of the accounting policies driven by the fact this subject was one of the SIX Exchange Regulation focus areas. The analysis in complex and judgmental areas such as goodwill and impairment as well as provisions has been enhanced. The publication also offers a detailed analysis of the implications of the revised IAS 19 Employee Benefits for Swiss listed companies. Last but not least, benchmarks with international companies in France, Germany and UK were also added in these areas.

Please click to download IFRS Survey 2013: Focus on financial reporting by Swiss listed companies.

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