Auditor Oversight Ordinance (AOO)
English is not an official language of the Swiss Confederation. This translation is provided for information purposes only, has no legal force and may not be relied on in legal proceedings.
Art. 45
1 Any person who wilfully: a. provides false information in a licence application; b. uses titles such as «licensed auditor», «licensed audit expert», «licensed lead auditor for regulatory audits», «licensed audit firm», «audit firm under state oversight» or «licensed audit company for regulatory audits» without having a licence (Art. 12 paragraph 3); c. fails despite receiving a prior warning to comply with the duty to assist in accordance with Article 14, [tab] shall be liable to a fine of up to 100,000 francs. [tab] 2 The penalty shall be a fine of up to 50,000 francs if the offence is committed through negligence.
Para. 1 let. b — Amended by Annex No 1 of the Financial Market Auditing Ordinance of 5 Nov. 2014, in force since 1 Jan. 2015 (AS 2014 4295). Para. 1 let. c — Amended by Annex 2 No II 1 of the Ordinance on Combating Money Laundering and Terrorist Financing of 11 Nov. 2015, in force since 1 Jan. 2016 (AS 2015 4819). Para. 1 let. tab — Amended by No I of the O of 14 Nov. 2012, in force since 1 Dec. 2012 (AS 2012 6071). Para. 1 let. tab — Inserted by No I of the O of 14 Nov. 2012, in force since 1 D