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

¹ Pro­fes­sion­al ex­per­i­ence is deemed to be ac­quired primar­ily in the area of ac­count­ing and fin­an­cial state­ment audit­ing (Art. 4 para. 4 and Art. 5 para. 2 AOA) if at least three quar­ters of an ap­plic­ant’s pro­fes­sion­al ex­per­i­ence has been ac­quired in those two fields.

² In the case of li­cens­ing as an audit ex­pert, ex­per­i­ence in fin­an­cial state­ment audit­ing (FSA) must ac­count for at least one third of total pro­fes­sion­al ex­per­i­ence in ac­cord­ance with para­graph 1. At least one third of ex­per­i­ence in fin­an­cial state­ment audit­ing is to be gained in the area of or­din­ary audits.

³ In the case of li­cens­ing as an aud­it­or, ex­per­i­ence in fin­an­cial state­ment audit­ing must ac­count for at least one half of total pro­fes­sion­al ex­per­i­ence in ac­cord­ance with para­graph 1.

⁴ Pro­fes­sion­al ex­per­i­ence shall be deemed to have been ac­quired un­der over­sight (Art. 4 para. 4 and Art. 5 para. 2 AOA) if:

the ap­plic­ant was form­ally sub­or­din­ate to a spe­cial­ist who sat­is­fies the leg­al re­quire­ments and was bound by in­struc­tions when he or she car­ried out the activ­ity in ques­tion;

The su­per­vi­sion has been car­ried out to at least the ex­tent of 50 per cent of a full-time po­s­i­tion and for at least three months without sig­ni­fic­ant in­ter­rup­tions; in the case of su­per­vi­sion by the same per­son for more than two years, 20 per cent of a full-time po­s­i­tion is suf­fi­cient.