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

¹ Audit firms un­der state over­sight must com­ply with stand­ards for audits and qual­ity con­trol when provid­ing audit­ing ser­vices in ac­cord­ance with Art­icle 2 let­ter a num­ber 1.

² The Over­sight Au­thor­ity de­term­ines the ap­plic­able na­tion­ally or in­ter­na­tion­ally re­cog­nised stand­ards. If there are no stand­ards or are they in­suf­fi­cient, the Over­sight Au­thor­ity may en­act its own stand­ards, or com­ple­ment or modi­fy ex­ist­ing ones.