The Swiss Restricted Control Standard (NCR) was reissued in 2015. Even in the context of the restricted audit, the recipients of the control result (shareholders, banks, tax authorities, suppliers / clients, company subject to control).
As early as 2015, the Federal Council instructed the Federal Office of Justice (DFJ) to consider whether the law of revision and supervision of the revision should be amended. According to the final report of the OFJ experts, the stakeholders are generally satisfied with the current state of the legislation. Above all, they refuse to derogate from the principle of independence and reject a recommendation to approve the accounts in the restricted audit.
Since Monday, June 4, 2018, the risk of a devaluation of the restricted control is removed. The legal requirements for restricted control will not be relaxed. The Council of States rejected the parliamentary initiative in question, so the intervention was closed. The majority is of the opinion that the restrictive control for SMEs has been proven in practice. A relaxation of the legal requirements would bring it closer to a simple provision of advice. The independence of the revisers is very important. Learn more by reading the Parliament News (in German only).
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