Art. 2

In this Act: a.¹ audit services means: 1. audits and confirmations which in accordance with federal regulations must be conducted by a licensed auditor, a licensed audit expert or an audit firm under state oversight, 2.² audits which in accordance with Article. 24, paragraph 1 letter a of the Financial Market Supervision Act of 22 June 2007³(FINMASA) or Article 118i of the Collective Investment Schemes Act of 23 June 2006⁴(CISA) must be conducted by a licensed audit company for regulatory audits; b. audit firm means a sole proprietorship, partnership or legal entity that is entered in the Commercial Register and provides audit services; c.⁵ public interest entities means: 1. publicly traded companies in accordance with Article 727 paragraph 1 number 1 of the Code of Obligations (CO)^⁶^, 2. supervised persons and entities as defined in Article 3 FINMASA which must be audited in accordance with Article 24 FINMASA by an audit company licensed in accordance with Article 9a of this Act, 3.⁷ collective investment schemes in terms of Article 118a CISA which must be audited in accordance with Article 118i CISA by an audit company licensed in accordance with Article 9a of this Act.