Annual Report 2016
Annual Report 2016 - Federal Audit Oversight Authority FAOA
Annual Report 2016 - Federal Audit Oversight Authority FAOA
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50<br />
Appendix | FAOA <strong>2016</strong><br />
Additional Swiss audit licences<br />
Particularly for audit activities in the<br />
areas shown below, a special licence<br />
of the FAOA or a special-law licence<br />
of another authority is required, based<br />
on a basic licence under the AOA. In<br />
some audit areas, a basic FAOA licence<br />
is sufficient (status: 01.01.2017).<br />
Financial/regulatory<br />
audit in the area of<br />
Banks/financial<br />
market structures 65 /finance<br />
groups/securities traders/<br />
public tender offers/central<br />
mortgage bond institutions<br />
Basic licence under<br />
the AOA: Audit firm<br />
State-regulated<br />
audit firm<br />
Basic licence<br />
under the AOA:<br />
Auditor-in-charge<br />
Audit expert<br />
Responsible for<br />
special / special-law<br />
licence<br />
FAOA<br />
Additional<br />
requirements<br />
Art. 9a AOA,<br />
Art. 11a f. AOO<br />
Collective<br />
investment schemes 66<br />
State-regulated<br />
audit firm<br />
Audit expert<br />
FAOA<br />
Art. 9a AOA,<br />
Art. 11a f. AOO<br />
Insurance<br />
State-regulated<br />
audit firm<br />
Audit expert<br />
FAOA<br />
Art. 9a AOA,<br />
Art. 11a f. AOO<br />
Financial intermediaries<br />
(anti-money laundering)<br />
Art. 9a AOA,<br />
Auditor<br />
Art. 11a f. AOO<br />
(State-regulated Auditor FAOA/SRO 68 and Art. 24<br />
audit firm) 67 AMLA<br />
Pension schemes Audit expert 69 Audit expert (OPSC) –<br />
Health insurance<br />
schemes<br />
Audit expert Audit expert (FOPH) –<br />
Casinos Audit expert Audit expert FCC Art. 75 CaO<br />
AHV Swiss<br />
Compensation Office<br />
audits<br />
Audit expert Audit expert FSIO Art. 165 AHVO<br />
65 Comprising stock exchanges, multilateral<br />
trading systems, central counterparties,<br />
central depositories,transaction repositories<br />
and payment systems.<br />
66 Comprising fund managers, investment<br />
funds, open-ended investment schemes<br />
(SICAV), limited partnerships for collective<br />
investment schemes, investment companies<br />
with fixed capital (SICAF), asset managers<br />
and managers of collective investment<br />
schemes, as well as representatives<br />
of foreign collective investment schemes.<br />
67 In principle, the licensed audit firm need<br />
only meet the requirements for an audit<br />
firm licensed as an auditor but if it also<br />
audits a financial intermediary supervised<br />
directly by FINMA (DSFI) under the provisions<br />
of AMLA it must have the status of a<br />
state-regulated audit firm.<br />
68 The FAOA is responsible for the licence to<br />
audit DSFI. The licence to audit financial intermediaries<br />
that are members of an SRO<br />
is the responsibility of the respective SRO<br />
(Art. 11a AOO).<br />
69 There is one exception: Only audit firms<br />
that hold a state-regulated audit firm licence<br />
can act as the auditor of investment<br />
foundations (Art. 9 of the Ordinance of 22<br />
June 2011 relating to investment foundations,<br />
ASV; SR 831.403.2).
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