International accounting standards, under which many public companies which are quoted on the Swiss stock exchange produce their financial statements. For companies quoted on the SWX Swiss Exchange New Market, accounting per IAS is mandatory.
Regulations governing the submission of accounts, with a numerical designation (IAS 1 to IAS 32), which are to be issued by the IASC after a development process of around three years. The ultimate objective of submitting accounts is to present decision-related information for a broad range of parties involved in the submission of annual statements of account, while maintaining the basic principles of 'comprehensibility', 'relevance to decision-making', 'comparability' and 'reliability'.