Consolidated fonancial statements
We specialize in preparing and auditing consolidated financial statements in accordance with Swiss GAAP FER!
If a legal entity controls one or more companies, it is obligated to prepare annual financial statements for the group (consolidated financial statements). Consolidated financial statements are an important management tool. They increase transparency for all stakeholders and provide clarity about the financial condition of corporate groups.
Consolidated financial statement audits must be performed as ordinary audits according to the Swiss Auditing Standards (PS) since the criteria for preparing consolidated financial statements are the same as the criteria for ordinary audits. This means that ordinary audits must also be performed for major companies.
However, it is possible to only perform a limited audit for individual group companies.
Companies that are obligated to prepare consolidated financial statements must have them audited by an ordinary audit conducted by a licensed audit expert or by an auditing company that is subject to government supervision.
Voluntary audits of consolidated financial statements
Consolidated financial statements can also be voluntarily audited even if there is no statutory obligation to prepare consolidated financial statements. The increased transparency of a voluntary audit strengthens the confidence of potential lenders, credit institutes that are involved and other stakeholders in the corporate group.
Code of Obligations or recognized accounting standards
There may still be “hidden reserves” in consolidated financial statements that are prepared according to the Code of Obligations.
In contrast to this, the “true & fair view” principle must be complied with for consolidated financial statements prepared according to recognized accounting standards such as Swiss GAAP FER, IFRS, US GAAP etc. This means that a company’s balance sheet and valuation must be prepared in such a way that a reliable assessment of the company’s economic condition can be made directly from the consolidated financial statements.
What we offer
- Auditing of consolidated financial statements according to the CO
- Auditing of consolidated financial statements according to Swiss GAAP FER
- Auditing of consolidated financial statements according to IFRS
- Auditing of subsidiaries of foreign and domestic group companies
- Auditing of reporting packages
- Auditing of interim financial statements
- Summary reports
- Comprehensive report
- Management letters
International accounting and auditing
As a member of TAGAlliances, we can also help with your international business needs.
Publications on the topic
Only in German