IFRS Survey 2011Focus on financial reporting in Switzerland |
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We are pleased to present our second survey of the application of IFRS accounting standards by Swiss quoted groups. Our survey was based on 2010 annual reports published by 30 corporate groups with a total market valuation of CHF 582 billion or 62% of the total market capitalisation of the Swiss stock exchange.
Since we launched our first survey last year, we have had many discussions with CFOs, Group Controllers and preparers of financial statements on the difficulties of keeping track of the increasing volume of disclosure requirements. Certainly financial statements are not getting any shorter with companies in our sample now presenting financial statements that range between 42 to 119 pages in length, compared to a range of 41 to 112 pages in the prior year.
IFRS Survey 2011
(2009.79 KB)