Commentaries: Art. 50

Individuals may be licensed as audit experts or auditors in application of Article 43 paragraph 6 AOA if they are able to demonstrate that:
1. on 1 July 1992 they were qualified and had acquired the corresponding professional experience in accordance with Article 1 paragraph 1 of the Ordinance of 15 June 1992¹on the Professional Requirements for Specially Qualified Auditors;
2. since 1 July 1992 they have predominantly been working in the fields of accounting and auditing without substantial interruptions.
It shall not be necessary for them to demonstrate that they acquired their professional experience under oversight.

Art. 50