The role of the FAOA
The FAOA is committed to ensuring the quality, credibility, and relevance of auditing. In doing so, it strengthens the confidence of investors, companies, and authorities in audited figures – an indispensable foundation for the success of the Swiss capital and financial markets.
News
FAOA and FRC UK supplement reciprocity letters
The FAOA and the UK Financial Reporting Council (FRC) supplement their exchange of letters of 8 December 2023 on reciprocity in the licensing of audit experts.
Update of Supervisory Notice 1/2022
Update of Supervisory Notice 1/2022 on the consideration of fraud risks in the context of audit services
Amendment to Circular 1/2014
On 19 June 2026, the FAOA adopted an amendment to Circular 1/2014 on Internal Quality Control in Audit Firms and thereby made the application of ISQM-CH 1 and 2 as well as of AQM for audit firms performing limited audits only binding for audit firms not under state oversight also.
Tasks of the FAOA
Licensing
Individuals and firms that provide statutory audit services require licence from the FAOA.
Oversight
All audit firms that provide audit or assurance services for public-interest entities, as well as audit firms that voluntarily submit to state oversight, are subject to oversight by the FAOA.
Enforcement
The FAOA ensures compliance with applicable law and, where necessary, enforces it by legal means. In this way, it reinforces the preventive effect of its oversight activities.
International Affairs
Audit oversight is regulated differently at national level, while capital, service, and goods markets operate globally. Close international cooperation is therefore crucial for effective oversight.
Jobs and careers
The FAOA offers attractive working conditions, exciting and varied tasks, and individual development opportunities in an open and collegial working environment.
