Audit
PRÜFAG Audit Ltd is registered as a licensed audit expert with the Swiss Federal Audit Oversight Authority (FAOA). With a team of licensed audit experts, we support companies with in-depth expertise and the highest quality standards. Our services are:
Statutory audits
As an audit firm, we audit companies across various industries with professional competence, flexibility, and personal commitment. In accordance with the Swiss Code of Obligations (CO), we distinguish between the ordinary audit of the financial statements — and, if applicable, the consolidated financial statements — and the limited statutory examination.
Ordinary audit
Companies that exceed the thresholds defined under Art. 727 para. 1 item 2 of the Swiss CO in two consecutive financial years are subject to an ordinary audit by a licensed audit expert.
Limited statutory examination
If the requirements for an ordinary audit are not met, a company must undergo a limited statutory examination by a licensed auditor in accordance with Art. 727a of the Swiss CO.
Audit of consolidated financial statements
If a legal entity controls one or more companies, it is obliged to prepare consolidated financial statements (group financial statements) if the size criteria pursuant to Art. 727 para. 1 no. 2 CO are exceeded in two consecutive financial years. The consolidated financial statements are subject to an audit by a licensed audit expert.
Other audit-related services
Our comprehensive range of auditing services is tailored to companies at various stages of their entrepreneurial development. As such audits are often time-sensitive and must be completed within strict deadlines, flexibility, and efficiency in execution are essential.
Audit of the incorporation report
Companies founded with contributions in kind are subject to an audit of the incorporation report. A licensed auditor must confirm the completeness and accuracy of the incorporation report in accordance with Art. 635a of the Swiss Code of Obligations (CO).
Audit of the capital increase report
As independent auditors, we support you during capital increases through contributions in kind, debt offsetting or equity conversion and ensure full compliance with all legal requirements specific to the chosen method of capital increase.
Capital decrease audit
Capital reductions require precision and diligence. A licensed audit expert must confirm in writing that the creditors’ claims will be fully covered even if the share capital is reduced. As independent auditors, we guide you through the process and ensure that the reduction is carried out correctly and creditors’ interests are protected.
Audit under the Merger Act (FusG)
An essential element of mergers, demergers, and legal form conversions is the assessment of the fairness of the exchange ratio and the appropriateness of the underlying valuation method. As licensed audit experts, we support you in transactions governed by the Swiss Merger Act (FusG).
Audit in case of capital loss
If the most recent annual accounts indicate a capital loss and the company does not have a statutory auditor, a limited statutory examination must be conducted before approval of the annual accounts by the general meeting (Art. 725a para. 2 CO). The Board of Directs is obliged to appoint a licensed auditor.
Audit in case of overindebtedness
If overindebtedness criteria are met as defined in Art. 725b CO, interim financial statements must be prepared based on going concern and sale values. Both statements are subject to audit.
Review (Limited Assurance Engagement)
We are happy to support you with a review or “audit review”. This is a business audit of financial statements or other historical financial information to obtain limited assurance, which is carried out on a contract basis.
Other audit services
In addition to the tests described above, there are many other tests with which PRÜFAG can be trusted. Have you not found what you are looking for? Please contact us for a non-binding inquiry.
Valuation reports and due diligence
We offer more than only traditional audit services. Our additional services combine technical proficiency with practical, hands-on advice.
Company valuation
We provide practical business valuations for small and medium sized entities (SMEs) tailored precisely to your specific needs. We apply recognised valuation methods and analyse both your current business situation and future developments — offering a reliable basis for your strategic decisions.
Due diligence
We support SMEs with practical due diligence assessments that are customised to your requirements. Our analysis includes a thorough review of financial, legal, and operational aspects to help you make well-informed decisions regarding acquisitions, investments, or strategic partnerships.
