SWISS GAAP FER
Swiss GAAP FER are part of the accounting standards recognized in Switzerland. These standards are issued by the FER Commission and are designed in order to provide a true and fair view of the financial positions of the company. They are applied by large companies listed in Switzerland that chose not to use IFRS, such as Bobst, Swatch Group or Ascom.
In addition to listed companies, a certain number of SMEs willing to disclose higher quality financial information prepare their financial statements under Swiss GAAP FER. Furthermore, not for profit organizations can also be required to prepare their financial statements under the standard Swiss GAAP FER 21.
Swiss GAAP FER is an accounting framework that is much lighter when compared to IFRS. As such, it significantly reduces the cost for the business. Therefore, Swiss GAAP FER are much easier to deploy in an SME than IFRS.
Gaapex has the expertise of preparing your financial statements under Swiss GAAP FER on your behalf. We can also assist you with the transition to that accounting framework and to facilitate the audit.