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Swiss Federal Audit Office
The Swiss Federal Audit Office (SFAO) is the supreme financial supervisory body of the Swiss Confederation. In this capacity, it assists Federal Assembly and the Federal Council. Its independence is guaranteed by the Federal Auditing Act. Description SFAO is the supreme financial supervisory body in Switzerland, that is, a court of auditors for the control of public accounts. It assists the Federal Assembly and the Federal Council. Although it is administratively attached to the Federal Department of Finance, it is not hierarchically subordinate to it. It is independent and subject only to the Swiss Constitution and Swiss law. The SFAO's role is to audit the financial management of the federal administration as well as certain semi-state and international organizations. The supervision of the Swiss National Bank and the Suva are explicitly excluded from the SFAO's mandate. Since 2014, the SFAO has published its audit reports in a broad manner, which is an exception to the p ...
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Federal Administration Of Switzerland
The federal administration of Switzerland is the ensemble of agencies that constitute, together with the Swiss Federal Council, the executive branch of the Switzerland, Swiss federal authorities. The administration is charged with executing federal law and preparing draft laws and policy for the Federal Council and the Federal Assembly of Switzerland, Federal Assembly. The administration consists of seven federal departments and the Federal Chancellery of Switzerland, Federal Chancellery. The departments are roughly equivalent to the ministry (government department), ministries of other states, but their scope is generally broader. Each department consists of several federal offices, which are headed by a director-general, director, and of other agencies. The much smaller Federal Chancellery, headed by the Federal Chancellor of Switzerland, Federal Chancellor, operates as an eighth department in most respects. Federal Council The administration in its entirety is directed by ...
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Bern
Bern (), or Berne (), ; ; ; . is the ''de facto'' Capital city, capital of Switzerland, referred to as the "federal city".; ; ; . According to the Swiss constitution, the Swiss Confederation intentionally has no "capital", but Bern has governmental institutions such as the Federal Assembly (Switzerland), Federal Assembly and Federal Council (Switzerland), Federal Council. However, the Federal Supreme Court of Switzerland, Federal Supreme Court is in Lausanne, the Federal Criminal Court of Switzerland, Federal Criminal Court is in Bellinzona and the Federal Administrative Court (Switzerland), Federal Administrative Court and the Federal Patent Court (Switzerland), Federal Patent Court are in St. Gallen, exemplifying the federal nature of the Confederation. With a population of about 146,000 (), Bern is the List of cities in Switzerland, fifth-most populous city in Switzerland, behind Zürich, Geneva, Basel and Lausanne. The Bern agglomeration, which includes 36 municipalities ...
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Karin Keller-Sutter
Karin Maria Keller-Sutter (; née Sutter; born 22 December 1963) is a Swiss politician who has served as President of the Swiss Confederation since 2025 and concurrently as a member of the Federal Council of Switzerland since 2019. Keller-Sutter is a member of The Liberals and serves as the head of the Federal Department of Finance. She previously served on the Council of States (Switzerland) from 2011 to 2019 and from 2017 to 2018 as President of the Council of States. Before that she held several political roles on the cantonal and municipal level. In 2023, Keller-Sutter was listed as one of the most influential women worldwide by the Financial Times. She was primarily credited for her engagement with the Acquisition of Credit Suisse by UBS. Early life and education Keller-Sutter was born Karin Maria Sutter on 22 December 1963 in Uzwil, Switzerland, the youngest of four children, to Walter Sutter Sr. (died 1989), a butcher-turned-chef, and Rosa Sutter (née Schnyder; bo ...
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Swiss Federal Council
The Federal Council is the federal cabinet of the Swiss Confederation. Its seven members also serve as the collective head of state and government of Switzerland. Since World War II, the Federal Council is by convention a permanent grand coalition government composed of representatives of the country's major parties and language regions. While the entire Federal Council is responsible for leading the federal administration of Switzerland, each Councillor heads one of the seven federal executive departments. The president of the Swiss Confederation chairs the council, but exercises no particular authority; rather, the position is one of a first among equals and rotates among the seven Councillors annually. The Federal Council is elected as a body by the 246 members of the Federal Assembly of Switzerland for a term of four years after each federal parliamentary election, without the possibility of recall or a vote of no confidence. Incumbents are not term-limited a ...
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Federal Department Of Finance
The Federal Department of Finance (FDF, , , , ) is one of the seven Ministry (government department), departments of the Swiss federal government. The department is headquartered in Bern and headed by a member of the Federal Council (Switzerland), Swiss Federal Council, Switzerland's finance minister. Initially, in 1848, the department was called "Department of Finance", then, from 1873 "Department of Finance and Customs", until it received its present designation in 1978. Organisation The Department is composed of the following offices: * General Secretariat * State Secretariat for International Financial Matters (SIF) * Federal Finance Administration (FFA): Responsible for the budget, financial planning, financial policy, the federal treasury and Equalization Payments in Switzerland, financial equalisation between the Confederation and the cantons. It also supervises the Swissmint, federal mint and the Central Compensation Office (CCO) in Geneva (responsible for implementin ...
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Swiss Confederation
Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Alps and the Jura; the Alps occupy the greater part of the territory, whereas most of the country's 9 million people are concentrated on the plateau, which hosts its largest cities and economic centres, including Zurich, Geneva, and Lausanne. Switzerland is a federal republic composed of 26 cantons, with federal authorities based in Bern. It has four main linguistic and cultural regions: German, French, Italian and Romansh. Although most Swiss are German-speaking, national identity is fairly cohesive, being rooted in a common historical background, shared values such as federalism and direct democracy, and Alpine symbolism. Swiss identity transcends language, ethnicity, and r ...
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Federal Assembly (Switzerland)
The Federal Assembly, also known as the Swiss Parliament, is the federal bicameral parliament of Switzerland. It comprises the 200-seat National Council and the 46-seat Council of States. It meets in Bern in the Federal Palace. The houses have identical powers. Members of both houses represent the cantons, but, whereas seats in the National Council are distributed in proportion to population, each canton has two seats in the Council of States, except the six ' half-cantons', which have one seat each. Both are elected in full once every four years, with the last election being held in 2023. The Federal Assembly possesses the federal government's legislative power, along with the separate constitutional right of citizen's initiative. For a law to pass, it must be passed by both houses. The two houses may come together as a United Federal Assembly in certain circumstances, such as to elect the Federal Council (the head of government and state), the Federal Chancellor ...
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Federal Council (Switzerland)
The Federal Council is the federal Cabinet (government), cabinet of the Switzerland, Swiss Confederation. Its seven members also serve as the collective head of state and Head of government, government of Switzerland. Since World War II, the Federal Council is by convention a permanent grand coalition government composed of representatives of the List of political parties in Switzerland, country's major parties and Languages of Switzerland, language regions. While the entire Federal Council is responsible for leading the federal administration of Switzerland, each Councillor heads one of the seven federal executive departments. The president of the Swiss Confederation chairs the council, but exercises no particular authority; rather, the position is one of a Primus inter pares, first among equals and rotates among the seven Councillors annually. The Swiss Federal Council election, Federal Council is elected as a body by the 246 members of the Federal Assembly (Switzerland), Fe ...
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Swiss National Bank
The Swiss National Bank (SNB; ; ; ; ) is the central bank of Switzerland, responsible for the nation's monetary policy and the sole issuer of Swiss franc banknotes. The primary goal of its mandate is to ensure price stability, while taking economic developments into consideration. The SNB is an ''Aktiengesellschaft'' under special regulations and has two head offices, one in Bern and the other in Zürich. History The bank formed as a result of the need for a reduction in the number of commercial banks issuing banknotes, which numbered 53 sometime after 1826. In the 1874 revision of the Federal Constitution it was given the task to oversee laws concerning the issuing of banknotes. In 1891, the Federal Constitution was revised again to entrust the Confederation with sole rights to issue banknotes. 1905 foundation The Swiss National Bank was founded under the law of 6 October 1905 ('the National Bank Act'), which entered into force on 16 January 1906. Business was started on 20 ...
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Suva (insurer)
The Suva, headquartered in Lucerne, is the Swiss National Accident Insurance Fund. It is a public-sector insurer and leading provider of health care coverage for employees in case of accidents in Switzerland. Name The name is the abbreviation of ''Schweizerische Unfallversicherungsanstalt'' (German for ''Swiss National Accident Insurance Fund'', in French ''Caisse nationale suisse d'assurance en cas d'accidents'' or CNA; in Italian ''Istituto nazionale svizzero di assicurazione contro gli infortuni''). History It was founded 1912 and it's active since 1918. For a long time, it held a monopoly for compulsory coverage for employees in high-risk professions. Its surplus income is distributed to insureds in the form of premium reductions. Its three missions are prevention, insurance and rehabilitation. About half of people working in Switzerland are insurance by the Suva in case of accidents (128,000 companies and 2,000,000 people insured). Unemployed people are insured agai ...
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Court Of Audit
A Court of Audit or Court of Accounts is a supreme audit institution, i.e. a government institution performing financial and/or legal audit (i.e. statutory audit or external audit) on the executive branch of power. See also *Most of those institutions are INTOSAI members,Site officel INTOSAI http://www.intosai.org International Organization An organization or organisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling differences#-ise, -ize (-isation, -ization), see spelling differences) is an legal entity, entity—such as ... of Supreme Audit Institutions. * Government audit, Government performance auditing, Performance audit References {{Authority control Government audit Auditing organizations ...
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World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ...
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