Swiss GAAP FER

In the mid-1980s, based on the initiative of professor Andre Zund () of the University of St.Gallen, the Swiss Expert Association for Audit, Tax and Fiduciary launched the idea of founding an independent institution concerned with the further development of accounting and reporting standards in Switzerland. The stated objective was, and still is, to promote the comparability of financial statements and to bring informational content and the concept of accounting in Switzerland into line with international standards. FER promotes the communication and dissemination of financial accounting and reporting that takes into account specifically Swiss features and is intended for practical implementation. It promotes communication and sharing between producers, auditors, addressees, consultants, policymakers, administrators, standard-setters, supervisory authorities and other interested parties. It supports the high-quality implementation of Swiss GAAP FER standards in practice and helps ...