Financial Reporting

Financial Reporting

There is good reason why they say you should “read” a balance sheet, much like you “read” a book. A balance sheet or set of annual financial statements shows a company’s financial situation and economic performance since the last report. And there are different “languages” to reflect the economic reality. The “languages” of the different financial reporting standards all have their own quirks, advantages and disadvantages. Choosing the right one depends on the addressees and stakeholders of the financial reporting. There is no “best” standard for everyone.

Depending on its situation, a company can choose to report in accordance with the Swiss Code of Obligations (CO), Swiss GAAP FER, International Financial Reporting Standards (IFRS) or US GAAP. Whichever language you choose, we speak it fluently at BDO. We are familiar with the peculiarities of each reporting standard and help you choose the best fit for your organisation. BDO is your partner for financial reporting standards - from adoption and conversion to interpretation. 

Our services

Swiss Code of Obligations (CO)

Financial reporting in accordance with CO affects all companies and organisations with a bookkeeping duty in Switzerland.


International Financial Reporting Standards (IFRS, previously IAS) are the most widespread international reporting standards.


US GAAP is mandatory for US companies listed in the US.


Swiss GAAP FER focuses on financial reporting for small and medium-sized enterprises and groups with a national reach.

Contact us

Key contacts

René Krügel

René Krügel

Member of Regional Management Central Switzerland, Head of Region Audit, Lucerne - Partner
personView bio