This is how the waiver of the limited audit works
Since 1 January 2025, new mandatory rules apply in Switzerland for medium-sized enterprises regarding the waiver of the limited audit (opting out). The decisive change is that such a waiver may now only be declared before the start of a new financial year and no longer retroactively. These statutory amendments entail significant practical and legal consequences for boards of directors, management bodies and SMEs, ranging from deadline planning and commercial register filings to the role of the audit firm.