Unformatted text preview: Empresas (AECA), marked a major shift in
attitudes to accounting. The Spanish legal system relies on detailed codes, such as the
Commercial Code and the Civil Code.
Regulation of accounting in Switzerland is carried out primarily through legislation but there
are also professional accounting standards. Since the current legal regulations provide a rather
rough framework, the work of the private sector accounting standard-setting body is of
The legal rules are not embodied in an accounting law as such, but are contained in the
Budesgesetz über das Obligationenrecht (OR, Swiss Code of Obligations CO), where they
first appeared in 1881. Swiss regulation is not bound to EU accounting directives.
The Swiss Chamber ( Kammer des Bücher-, Steuer-, une Treuhandexperten – Chamber of
accountant, Tax advisors and Fiduciary Agents) founded the Fachkommission für
Empfehlungen zur Rechnungslegung ( FER , Foundation of Accounting and Reporting
Recommendations). This body was inspired by...
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This note was uploaded on 05/02/2013 for the course ECONOMIC economics taught by Professor Economics during the Fall '13 term at Elmont Memorial High School.
- Fall '13
- The Land