Audit body
An audit body reviews an entity’s accounts and, where required, provides independent assurance for owners, creditors and the public register.
In Swiss company law, many entities must appoint an audit body unless they validly opt out or qualify for reduced requirements. The auditor examines annual accounts according to the applicable audit level, which may be ordinary or limited, and reports to the general meeting or competent body. Independence is central. The audit body may also be involved in special transactions such as capital changes, restructurings or qualified contributions. Its role is assurance and reporting, not management of the company.