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

¹ The fol­low­ing per­sons and com­pan­ies must provide the Over­sight Au­thor­ity with all the in­form­a­tion and doc­u­ments that it re­quires to ful­fil its tasks:

a.

li­censed in­di­vidu­als and audit firms;

b.

in­di­vidu­als who are mem­bers of the highest su­per­vis­ory and gov­ern­ing bod­ies or the ex­ec­ut­ive body of an audit firm and are not li­censed by the Over­sight Au­thor­ity;

c.

em­ploy­ees of the audit firm and all per­sons it calls upon for audit­ing ser­vices;

d.

audited com­pan­ies;

e.

all com­pan­ies form­ing a group with the audited com­pany and whose an­nu­al fin­an­cial state­ments must be con­sol­id­ated, to­geth­er with their aud­it­ors.

² Fur­ther­more, per­sons and com­pan­ies in ac­cord­ance with para­graph 1 let­ters a and b must no­ti­fy the Over­sight Au­thor­ity im­me­di­ately in writ­ing of in­cid­ents rel­ev­ant to the li­cence or the over­sight.