Principles of enforcement

Principle 1Legal coercive meansThe FAOA enforces applicable law be coercive means where necessary.
Principle 2Sound JudgementBefore the FAOA opens an enforcement proceeding, it carefully weighs up all material circumstances and considers possible alternative options for action. .
Principle 3Information SourcesEnforcement-proceedings are conducted on the basis of corresponding information obtained through licencing procedures, inspections, other enforcement proceedings on the same or related facts, notices made by licenced natural persons or audit firms or other administrative bodies, from press report or from other third parties (whistleblowing).
Principle 4Fast and focused proceedingsThe FAOA conducts its proceedings in a swift and decisive manner and aims for a conclusion in the first instance within 12 months of opening proceedings.
Principle 5Fair and transparent proceedingsThe FAOA conducts its proceedings under strict observation of procedural fairness and the procedural rights.
Principle 6Parties to proceedingsEnforcement-proceedings are primarily directed against licencees, against persons, who are employed by an audit firm under state oversight and against persons or companies conducting statutory auditing services without holding the necessary licence.
Principle 7Internal OrganisationWhenever possible, the same persons within the FAOA are not responsible for the ongoing supervision of state-regulated audit firms and for enforcement proceedings against those.
Principle 8Cooperation with other authoritiesThe actions of the FAOA and the law enforcement authorities are coordinated as far as possible and necessary. The FAOA also cooperates with other national authorities and foreign audit oversight authorities within its legal framework.
Principle 9Cautious communicationThe FAOA solely informs the public on individual proceedings for reasons of overriding public or private interests. It however publishes legally binding court judgements on its website and informs on anonymous basis of enforcement proceedings completed in the first instance and publishes the measure decreed.   

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Principles of enforcement by FAOA 2nd edition

Principles of enforcement by FAOA 1st edition (rescinded)