Ordinary Audit

As part of an ordinary audit, we examine whether the accounting records, the annual financial statements and the proposed appropriation of available earnings comply with the law and the articles of association as well as the applicable accounting standards. Our audit report contains a recommendation for the approval of the annual financial statements for the attention of the general meeting.

Companies subject to the ordinary audit must have an internal control system in place. As part of the ordinary audit, we review the existence of the internal control system.

We prepare a detailed report for the attention of the Board of Directors summarising our audit work and the result of the audit and containing the findings on the preparation of the annual financial statements and the internal control system as well as our recommendations.

Who is subject to an ordinary audit?

According to Art. 727 CO, companies which, in two successive financial years, exceed two of the following criteria

  • balance sheet total: CHF 20 million
  • turnover: CHF 40 million
  • number of employees: 250 full-time jobs on average annual average


are subject to ordinary audit. 

Companies that are required to prepare consolidated accounts are also required to submit their annual accounts and, where applicable, their group accounts to an ordinary audit.

In addition, the ordinary audit may be carried out if shareholders representing together at least 10% of the share capital so request.