221.302.3AOOFederal Council OrdinanceSep 1, 2007Original source
Audit firms under state oversight must designate a person for each audit service who will assume responsibility (auditor in charge).
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.
The auditor in charge shall sign the audit report or the attestation.
Audit firms shall inform the Oversight Authority without delay of all changes of lead auditors, stating the reasons for the change.
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