Questions & Answers

Is it possible to change auditors before the end of the year and after the annual accounts?

In accordance with Article 730a of the Swiss Code of Obligations, the auditors can be dismissed by the company at any time with immediate effect and without preconditions. A change of auditors can therefore be made at any time and without reason, even if the auditors have been re-elected for a period of 3 years.

A change of auditors is not viewed well by banks, suppliers and customers. Is that right?

No, and if someone has actually advised you not to change auditors, for example, the situation could have serious consequences. It would mean that the independence of the auditors is actually or apparently compromised, because a change of auditors could have adverse effects on the company. This would not be compatible with the independence rules and would be contrary to the law.

A change of auditors is tedious and creates additional work. In addition there are additional costs. Is this true?

A change is easy, you do not need to do anything else. All we need from you is the minutes of the General Meeting (it can take place at any time) in order to register the auditors in the Commercial Register. By the way, this is done by us and is free of charge for you.

We are also happy to visit your trustee/auditor to receive the documents from previous audits or accounting. You should not incur any further costs.

My auditor says that it is cheaper to do the bookkeeping and the audit at the same place. Is that right?

It is even more advantageous for a company if accounting and auditing are done separately. Audit firms and trust companies that participate in the accounting and offer other services must make a disclosure in the audit report. Disclosure sometimes has a negative effect if the report and the annual accounts have to be passed on to third parties such as banks.

blueAUDIT likes to work with trustees and a combination leads to significant cost savings for you.

Banks and other stakeholders prefer long-standing auditors as well as renowned auditing firms. Right?

If banks and other stakeholders prefer an audit firm or auditor, the situation can have serious consequences. It would mean that the independence of the auditors is actually or apparently compromised because a change of auditors could have adverse effects on the company. This would not be compatible with the independence rules and would be contrary to the law.

Professional associations such as Treuhandsuisse and EXPERTsuisse guarantee higher quality, as do auditors with many years of experience. Is this true?

Professional associations such as Treuhandsuisse and EXPERTsuisse guarantee higher quality, as do auditors with many years of experience. Is this true?

At blueAUDIT, audits are not performed by assistants but by accredited experts. This gives you much more experience and quality for your money. We use data analytics as well as automated audit tools to make the audit procedures more efficient and accurate. This enables us to analyse the data volumes better and with much less queries for you.

Questions you should ask your accountant or auditor

• Who carries out the majority of the audit work? An assistant or he/she him/herself?
• If he/she does not carry out the majority of the work, has he/she adjusted the fee rates accordingly?
• What technologies does he use to completely check the journals, for example? Is he familiar with Data Analytics?

Why is blueAUDIT so efficient?

blueAUDIT uses the latest technologies in the field of auditing, and this ensures quicker and better audits. Audit procedures are carried out electronically with automated processes. This means that up to 100 percent of all transactions are analysed, which ensures greater audit reliability and accuracy. If you want to learn more about the software used: indagia ®

What is done differently from traditional auditing?

Besides the use of technologies, we also try to keep the cost structure as lean as possible in order to offer better prices. Of course, this is done without any loss of quality, because the quality of our work is checked externally.