Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ Ac­count­ing forms the basis for fin­an­cial re­port­ing. It re­cords the trans­ac­tions and cir­cum­stances that are re­quired to present the as­set, fin­an­cing and earn­ings po­s­i­tion of the un­der­tak­ing (the eco­nom­ic po­s­i­tion).

² It fol­lows the re­cog­nised ac­count­ing prin­ciples. Par­tic­u­lar note must be taken of the fol­low­ing:

1.

the com­plete, truth­ful and sys­tem­at­ic re­cord­ing of trans­ac­tions and cir­cum­stances;

2.

doc­u­ment­ary proof for in­di­vidu­al ac­count­ing pro­ced­ures;

3.

clar­ity;

4.

fit­ness for pur­pose giv­en the form and size of the un­der­tak­ing;

5.

veri­fi­ab­il­ity.

³ An ac­count­ing vouch­er is any writ­ten re­cord on pa­per or in elec­tron­ic or com­par­able form that is re­quired to be able to veri­fy the busi­ness trans­ac­tion or the cir­cum­stances be­hind an ac­count­ing entry.

⁴ Ac­count­ing is car­ried out in the na­tion­al cur­rency or in the cur­rency re­quired for busi­ness op­er­a­tions.

⁵ It is car­ried out in one of the of­fi­cial Swiss lan­guages or in Eng­lish. It may be car­ried out in writ­ing, elec­tron­ic­ally or in a com­par­able man­ner.