Commentaries: Art. 9

Audit firms shall be licensed to provide audit services for companies of public interest if they:
1. satisfy the requirements for licensing as an audit expert;
2. guarantee compliance with statutory provisions¹;
3. are sufficiently insured against liability risks.
The Oversight Authority may grant a licence to an audit firm on the basis of a foreign licence if the requirements of this Act have been met.

Expression according to paragraph I of the FA of 20 June 2014 (Bundling of Audit Oversight), in force since 1 Jan. 2015 (AS 2014 4073;BBl 2013 6857). The change was made throughout the entire text. ↩

Art. 9