Commentaries: Art. 12

Audit firms under state oversight shall take all measures necessary to ensure the quality of their audit services.
They shall ensure that a suitable organisational structure is in place and shall issue written instructions on the following in particular:
1. ¹ the appointment, basic and continuing education and training, assessment, signatory powers and required conduct of employees;
2. the acceptance of new and the continuation of existing assignments for audit services;
3. the ongoing control of measures to ensure independence and quality.
With regard to individual audit services, they shall guarantee, in particular, that:
1. tasks are allocated appropriately;
2. work is supervised;
3. the applicable regulations and standards on auditing and independence are observed;
4. the results of audits are subject to a qualified and independent monitoring.

The amendment in accordance with the FA of 20 June 2014 on Continuing Education and Training, in force since 1 Jan. 2017, concerns the French and Italian texts only (AS 2016 689;BBl 2013 3729). ↩

Art. 12