Ordinance
of the Federal Audit Oversight Authority
on the Oversight of Audit Firms
(Oversight Ordinance FAOA, OO-FAOA)

An­nu­al and con­sol­id­ated fin­an­cial state­ments that have been pre­pared in ac­cord­ance with the pro­vi­sions of the Code of Ob­lig­a­tions (CO)⁶ or any of the fol­low­ing re­com­mend­a­tions and reg­u­la­tions on ac­count­ing must be audited in ac­cord­ance with the Swiss stand­ards re­cog­nised by the Over­sight Au­thor­ity for audit­ing fin­an­cial state­ments is­sued by the Swiss Ex­pert As­so­ci­ation for Audit, Tax and Fi­du­ciary, Ex­pert­suisse (SA-CH), namely:

a.

the ac­count­ing re­com­mend­a­tions of the Com­mis­sion for Fin­an­cial Re­port­ing Stand­ards (Swiss GAAP FER);

b.

the ac­count­ing reg­u­la­tions of the Swiss Fed­er­al Fin­an­cial Mar­ket Su­per­vis­ory Au­thor­ity (FINMA) for banks and se­cur­it­ies firms (Art. 25–42 of the Bank­ing Or­din­ance of 30 April 2014⁷); or

c.

the FINMA ac­count­ing reg­u­la­tions for col­lect­ive in­vest­ment schemes (Art. 91 of the Col­lect­ive In­vest­ment Schemes Act of 23 June 2006⁸).