Commentaries: Art. 48

Any person who, within four months following the commencement of the AOA, submits a licence application and holds a foreign qualification comparable to a Swiss qualification (Art. 4 para. 2 let. d AOA) shall receive a provisional licence to provide audit services if he or she completes a course to demonstrate that he or she has the necessary knowledge of Swiss law. The provisional licence shall be withdrawn if the course and examination have not been successfully completed by 31 August 2008.
If, over the three years preceding the submission of the application, individuals in accordance with paragraph 1 have predominantly been working for an audit firm that has its registered office in Switzerland and have primarily been providing audit services in accordance with Swiss law, they shall not be required either to complete a course or an examination to demonstrate that they have the necessary knowledge of Swiss law.