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

¹ Audit­ing ser­vices the con­duct of which re­quires a li­cence from the Over­sight Au­thor­ity un­der the new law may be per­formed up to one year after the com­mence­ment of the amend­ment of 20 June 2014 with the FINMA li­cence un­der former law.

² The Over­sight Au­thor­ity takes over all pro­ceed­ings from FINMA which were ini­ti­ated against audit com­pan­ies per­form­ing audits un­der the fin­an­cial mar­ket acts (Art­icle 1 para­graph 1 FIN­MASA⁹⁷) as well as against lead aud­it­ors of such audits and which by the en­act­ment of the amend­ment of 20 June 2014 have not yet been leg­ally de­cided.