ABSTRACT
The functions of independent accountants and auditors in their role of economic advisers are essentially the same in all countries where the system of free enterprise is predominant. The estimated volume and price of yearly sales will give the basis for fixing the most efficient methods of production, the size of the plant, the requirements of capital and the probable costs of the annual output. On the whole it is a liberal law, although there are several regulations and restrictions regarding the issues of capital and the presentation of balance sheets and of profit and loss accounts. The balance sheet, which in Switzerland is usually an actual account of the ledger, must comply with a number of regulations of the Companies Act, 1936. The share capital, special funds and debentures must be stated separately. The distribution of profits and the raising of share capital may be combined with the issue of bonus shares.
