Selection
Selection of the annual and semiannual financial statements for review is made by SIX Exchange Regulation
on the basis of a risk-oriented appraisal, whereby particular weight is placed on the following aspects
as they pertain to the given issuer:
-
New listing, or first-time application of an accounting standard
-
Significant change of business activities
-
Change in corporate managements (CEO / CFO)
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Qualification in auditor's report
-
Third-party leads
In addition, a certain number of financial statements will be selected in such a way that the
financial reporting of a specific issuer is subjected to a review by SIX Exchange Regulation in
general at least every five years (for main standard), resp. ten years (for other standards).
Review
The annual or semiannual financial statements of a selected issuer will be reviewed in keeping with a
risk-oriented procedure to verify compliance with the chosen accounting standard. The review focuses in
particular on the following circumstances of financial reporting:
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Standards that, owing to the company-specific constellation or particular situation, are deemed to
be especially critical
-
Standards that have been defined in advance as areas of focus
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Standards which experience has shown are particularly prone to errors (see in this regard
IFRS Circular)
-
Standards and interpretations that have been applied / were applicable for the first time
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