A well-known trading company’s accounting system and reporting was set up for International Financial Reporting Standards (IFRS), but they also needed an accounting firm that were experts in Swiss accounting standards and could prepare the company’s annual Financial Statements in accordance with Swiss GAAP. They chose Dryden because they could see that Dryden had at its ‘fingertips’ the differences in accounting treatments between IFRS and Swiss GAAP and also knew the disclosures that would be required under the Swiss Code des Obligations. Dryden’s accountants were able to take, interalia, the complex IAS32 and pension notes in the IFRS accounts and translate them into SWISS GAAP. Swiss GAAP reporting requirements are less onerous than those of IFRS. Many clients welcome the easy to read Financial Statements that Dryden prepares under Swiss GAAP.