Ordinance
on the Licensing and Oversight of Auditors
(Auditor Oversight Ordinance, AOO)

¹ The ap­plic­ant may only provide audit ser­vices once the Over­sight Au­thor­ity has taken the de­cision to grant the li­cence.

² The li­cence to op­er­ate as an audit firm un­der state over­sight and as an audit ex­pert shall at the same time cov­er the li­cence to provide audit ser­vices, for which fed­er­al law pre­scribes less strin­gent pro­fes­sion­al re­quire­ments.

^2bis The li­cence of an audit firm or a lead aud­it­or for reg­u­lat­ory audit which has been gran­ted for a spe­cif­ic over­sight area does not cov­er audit­ing un­der Art­icle 24 para­graph 1 let­ter a of the Fin­an­cial Mar­ket Audit­ing Act of 22 June 2007²⁷ in an­oth­er over­sight area.²⁸

^2ter The li­cence gran­ted for audit­ing in an over­sight area in ac­cord­ance with Art­icle 11a para­graph 1 let­ters a–c also cov­ers audit­ing com­pli­ance with the pro­vi­sions of the Anti-Money Laun­der­ing Act of 10 Oc­to­ber 1997²⁹ and the Fed­er­al Act on Fin­an­cial Ser­vices of 15 June 2018³⁰ in the over­sight area con­cerned.³¹

³ Be­fore the de­cision to grant the li­cence is taken, titles such as «li­censed aud­it­or», «li­censed audit ex­pert», «li­censed lead aud­it­or for reg­u­lat­ory audits», «li­censed audit firm», «audit firm un­der state over­sight» or «li­censed audit com­pany for reg­u­lat­ory audits» may not be used.³²