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

¹ The Ex­ec­ut­ive Board is the op­er­at­ive body headed by the Chief Ex­ec­ut­ive.

² In par­tic­u­lar, it has the fol­low­ing tasks:

a.

It man­ages the busi­ness.

b.

It is­sues de­cisions in ac­cord­ance with the or­gan­isa­tion­al reg­u­la­tions of the Board of Dir­ect­ors.

c.

It pre­pares the doc­u­ment­a­tion on which the Board of Dir­ect­ors bases its de­cisions.

d.

It re­ports to the Board of Dir­ect­ors reg­u­larly and without delay in the event of spe­cial in­cid­ents.

e.

It rep­res­ents the Over­sight Au­thor­ity ex­tern­ally.

f.

It de­cides on es­tab­lish­ing, modi­fy­ing and ter­min­at­ing em­ploy­ment re­la­tion­ships with the em­ploy­ees of the Over­sight Au­thor­ity, Art­icle 30a let­ters g and h re­main re­served.

g.

It par­ti­cip­ates in in­ter­na­tion­al or­gan­isa­tions and bod­ies, ad­dress­ing mat­ters of audit over­sight.

h.

It ful­fils all tasks not as­signed to an­oth­er body by this Act.