Auditing NPO consolidated financial statements
Consolidation is a rare topic in the non-profit field. Swiss GAAP FER 30, and in particular the interpretation published by ZEWO, describes the obligatory requirements for a consolidation or the auditing of a consolidation in the non-profit field. In addition to maintaining to classical participation relationships, “sister foundations” are also to be added to the scope of consolidation to the extent that these are run by the same top management and are active in the same donation environment.
Good to know
Obligatory consolidation based on exceeding the Swiss Code of Obligations thresholds requires an ordinary audit (see ordinary audit à link setzen). If a consolidation obligation is “legally voluntary, but effective due to ZEWO regulations / Swiss GAAP FER”, a review can be sufficient in some cases.