SwissHoldings lobbies for Financial Reporting Standards that reflect business reality

The international financial reporting standards (in particular IFRS) are of great importance to our member companies. According to stock exchanges’ regulation, listed companies are required to apply internationally accepted accounting rules. The consolidated financial statements are audited and published. SwissHoldings pro-actively monitors the developments and trends regarding IFRS. In our feedback statements to the IASB, we ask for principles-oriented standards. They should be based on well-defined and clear rules. Their primary objective is to reflect business reality and thus, should provide unbiased information on an entity’s financial performance and financial position.

Accounting

Comment Letter on the Exposure Draft – Accounting Policies and Accounting Estimates – Proposed amendments to IAS 8

SwissHoldings, the Swiss Federation of Industrial and Services Groups in Switzerland, represents 61 Swiss groups, including most of the...

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Accounting

Comment Letter on the Exposure Draft – Definition of Material – Proposed amendments to IAS 1 and IAS 8

SwissHoldings, the Swiss Federation of Industrial and Services Groups in Switzerland, represents 61 Swiss groups, including most of the...

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Accounting

Mit klarem Fokus macht das IASB den Weg frei für die Zukunft

IFRS kommt mittlerweile in einer Mehrheit der weltweiten Kapitalmärkte verpflichtend zur Anwendung. Damit hat das IASB sein Hauptziel...

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  • IFRS are to be embedded in a coherent and solid conceptual framework.
  • The regulators are asked to provide the enterprises with the necessary leeway to implement the IFRS standards.
SwissHoldings pro-actively monitors the developments and trends regarding IFRS. We lobby for Financial Reporting Standards that reflect business reality.

Contact

Denise Anne Laufer

Member of the Executtive Commitee , lic. oec.

+41 31 356 68 62
denise.laufer@swissholdings.ch

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