English translation: statutory accounting standards
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German to English translations [PRO] Bus/Financial - Accounting
German term or phrase:satzungsgemäße Buchhaltungsstandards
A text in Swiss German about tax liability.
Amounts are converted into Swiss Francs in order to "die satzungsgemässen Buchhaltungsstandards nach schweizerischem Recht zu erfüllen"
To me this sounds like Swiss law includes provisions along the lines of accounting principles - is this true? Is my interpretation right?