International Affairs
Audit and audit oversight are issues of international significance.
The FAOA works closely with foreign oversight authorities to ensure the effective and efficient supervision of global audit networks. It has signed memoranda of understanding (MoUs) with various authorities and is a signatory to the Multilateral MoU (MMoU) of IFIAR. This also constitutes, indirectly, a declaration of intent to cooperate with other international audit oversight authorities.
Topics
Mutual recognition
The AOA also applies to foreign audit firms that audit Swiss companies, provided they are not already under supervision by an equivalent authority.
International cooperation
Cooperation with foreign audit oversight authorities is particularly important given the international structure of the audit industry and the companies being audited.
Multilateral organizations
The FAOA cooperates with various international and multilateral organizations to promote the quality and consistency of audit oversight and to benefit from international expertise.