Federal Act
on the Licensing and Oversight
of Auditors
(Auditor Oversight Act, AOA)

¹ Any per­son who con­tra­venes:

a.

the prin­ciples of in­de­pend­ence in ac­cord­ance with Art­icles 11 and 728 of the CO⁷⁹;

b.⁸⁰

the du­ties to no­ti­fy in ac­cord­ance with Art­icle 15a para­graph 2;

c.

the duty to in­form in ac­cord­ance with Art­icle 15 para­graph 3;

d.

an im­ple­ment­ing pro­vi­sion of this Act, the con­tra­ven­tion of which is de­clared by the Fed­er­al Coun­cil to be an of­fence;

e.

a de­cision or meas­ure of the Over­sight Au­thor­ity that has been is­sued with a ref­er­ence to the pen­al­ties set out in this Art­icle,

shall be li­able to a fine not ex­ceed­ing 100 000 francs.

² If the of­fence is com­mit­ted through neg­li­gence, the fine shall not ex­ceed 50 000 francs.

³ The Over­sight Au­thor­ity shall pro­sec­ute and judge such con­tra­ven­tions in ac­cord­ance with the pro­vi­sions of the Fed­er­al Act of 22 March 1974⁸¹ on Ad­min­is­trat­ive Crim­in­al Law.

⁴ The right to pro­sec­ute con­tra­ven­tions is lim­ited to sev­en years.