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

¹ Any per­son who wil­fully:

a.

provides false in­form­a­tion in a li­cence ap­plic­a­tion;

b.¹²¹

uses 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» without hav­ing a li­cence (Art. 12 para­graph 3);

c.¹²²

fails des­pite re­ceiv­ing a pri­or warn­ing to com­ply with the duty to as­sist in ac­cord­ance with Art­icle 14,

shall be li­able to a fine of up to 100,000 francs.¹²³

² The pen­alty shall be a fine of up to 50,000 francs if the of­fence is com­mit­ted through neg­li­gence.¹²⁴