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.
- 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.