IE 11 is a very old browser and is not supported on this site.
Reporting Academy

Board of Control

Based on the proposal of the Board of Directors, the Assembly of Delegates of the Federation of Migros Cooperatives elects an independent auditing company as the external Board of Control. The Board of Control is appointed for a term of office of two years and may be reappointed.

Based on the recommendations of the Audit Committee of the Federation of Migros Cooperatives (FMC), the FMC Board of Directors proposes an independent auditing company to be elected by the Assembly of Delegates.

New Board of Control EY

In November 2021, the FMC Assembly of Delegates appointed the auditing company Ernst & Young (EY) as the new Board of Control for the financial years 2022 and 2023. The election was held as part of the tender for the mandate for the statutory auditor of the FMC and its subsidiaries, as well as all companies, pension funds and other foundations affiliated with the cooperative association. EY was confirmed as the FMC Board of Control and as the auditor of the Migros Group until 30 June 2024.

Based on the recommendation of the corporate bodies of the ten regional Migros Cooperatives, the boards of directors propose an independent auditing company to the Cooperative Councils or voting circles for election. EY was also elected as the Board of Control of the Migros Cooperatives from 2022. It is elected as auditor of the subsidiaries of the FMC as part of the overall mandate.

Assessment according to Swiss GAAP FER

The Board of Control is responsible for assessing the FMC consolidated financial statements with regard to their compliance with Swiss GAAP FER and Swiss law, and the compliance of the separate financial statements of the Federation of Migros Cooperatives, the ten regional Cooperatives and other Group companies.

Auditing & other fees

Across the Group, EY invoiced the following fees for services performed in relation to the 2023 and 2022 financial statements:

In CHF 1’000



Auditing services



Other services






The auditing services include the following duties:

  • Specific tasks to assess the consolidated financial statements and financial statements of the Federation of Migros Cooperatives, and the financial statements of the regional Cooperatives and other subsidiaries.
  • Audit services that can usually only be performed by the statutory auditor, such as auditing the introduction of new valuation and accounting principles, information systems and the corresponding control environment. The internal audit function of the Migros Community makes an important contribution to these auditing services.

Miscellaneous other services cover the areas of tax consulting, accounting and due diligence audits performed in 2023 and 2022.

We use cookies and related technology to improve the user experience on our website, to analyse our data traffic, to personalise content and advertising, and to provide social media functions. By continuing to use this website, you agree to our use of cookies and related technology. Learn more