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

¹ Audit firms un­der state over­sight must des­ig­nate a per­son for each audit ser­vice who will as­sume re­spons­ib­il­ity (aud­it­or in charge).

² They may only des­ig­nate per­sons as aud­it­ors in charge if the firms hold a right to is­sue in­struc­tions to these per­sons and if the per­sons in ques­tion are fa­mil­i­ar with the firm’s or­gan­isa­tion, pro­cesses and audit­ing ap­proach.

³ The aud­it­or in charge shall sign the audit re­port or the at­test­a­tion.

⁴ Audit firms shall in­form the Over­sight Au­thor­ity without delay of all changes of lead aud­it­ors, stat­ing the reas­ons for the change.