Home > Term: accounting standards
accounting standards
Legally defined procedures to be followed when compiling company accounts and consolidated accounts. In Switzerland, banks comply with the standards laid down in article 6 of the Swiss Federal Law on Banks and Savings Banks and articles 23-27 of the Banking Ordinance on banks' annual and interim reporting. They also follow the guidelines laid down by the Swiss Federal Banking Commission.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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