Keywords: Company law | Accounting

A comprehensive revision of Switzerland's audit legislation came into force on 1 January 2008. The new provisions rectify the shortcomings of the old legislation. The corresponding changes to the Code of Obligations, and the Federal Auditor Admission and Audit Supervision Act (Bundesgesetz über die Zulassung und Beaufsichtigung der Revisoren) which entered in to force on 1 September 2007, are Switzerland's response to a series of accounting scandals and company collapses in Switzerland and abroad that have clearly demonstrated the need for credible auditing.

At the operational level, Switzerland's new Audit Supervisory Authority became operational some time ago on 1 September 2007. This independent authority decides on the licensing of auditors and also supervises the auditors of publicly held companies. In doing so, it guarantees proper, high-quality audit services and ensures that international rules, such as the Sarbanes-Oxley Act, are put into effect.

Further information


For the complete documentation see the pages in German, French or Italian.



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