Auditing

According to a Swiss law introduced in 2012, auditing processes in Switzerland differ depending on the size of the company audited.

Very small firms (less than 10 employees) can make use of the “Opting Out possibility” which means that their reports do not have to be audited by external experts.

For small and medium sized enterprises (SME’s) there is an option called “limited audit” which allows time delayed reporting with the Swiss GAAP ARR (Accounting and Reporting Regulations – www.fer.ch). Confides is in the position to perform limited audits for its customers including the data-transfer in the required form (e.g. IFRS).

Either way, for consolidation purposes you may need the transfer of local reporting according to IFRS rules. This additional task can be taken care of by our experts in due time.