Warning

The content on this page has been converted from PDF to HTML format using an artificial intelligence (AI) tool as part of our ongoing efforts to improve accessibility and usability of our publications. Note:

  • No human verification has been conducted of the converted content.
  • While we strive for accuracy errors or omissions may exist.
  • This content is provided for informational purposes only and should not be relied upon as a definitive or authoritative source.
  • For the official and verified version of the publication, refer to the original PDF document.

If you identify any inaccuracies or have concerns about the content, please contact us at [email protected].

Letter to update letter of understanding from FAOA on mutual recognition of statutory audit qualifications

CH-3001 Berne, FAOA Via e-mail The Financial Reporting Council Anthony Barrett, Executive Director, Supervision 1 Harbour Exchange Square London E14 9SR United Kingdom

Berne, 22 October 2026 D051-217/REJ/2610

Amendment to the FAOA's letter to the FRC from 8 December 2023

Dear Mr. Barrett,

We are writing on behalf of the Federal Audit Oversight Authority, as the competent authority for licensing of statutory auditors in Switzerland, to amend the letter sent to the FRC on 8 December 2023, in which the arrangements for the equivalent reciprocal approval of statutory auditors in our respective jurisdictions were communicated.

Since the arrangement referred to above was concluded, a new Regulation for the higher professional examination as Certified Public Accountant (Swiss CPA) has been implemented, in force as of 1 January 2026.

The FAOA's letter from 8 December 2023 is herewith amended as described below, effective as of the date of this letter:

Nr. 3 (Arrangements) c.:

Those requirements are set out in Article 4 of the Federal Act on the Licensing and Oversight of Auditors (Auditor Oversight Act, AOA, SR 221.302) and in the Ordinance on the Licensing and Oversight of Auditors (Auditor Oversight Ordinance, AOO, SR 221.302.3), in particular Articles 1-7 and 34 in combination with the Federal Act on Vocational and Professional Education and Training (VPETA), SR 412.10 and the Examination Regulation for the higher professional examination as Certified Public Accountant of 15 June 2022, in force as of 1 January 20261.

We would like to use this opportunity to thank the FRC for their commitment to this process and excellent cooperation throughout.

Yours sincerely,

Dr. Reto Sanwald Chief Executive Officer

Michael Hubacher Head Legal and International Affairs

Federal Audit Oversight Authority FAOA Bundesgasse 18 PO Box 3001 Berne +41 31 560 22 22 [email protected] | www.rab-asn.ch

Footnotes

  1. Previously EXPERTsuisse Examination Regulation for the higher professional examination as Certified Public Accountant (CPA), in force from 23 March 2009 until 31 December 2025. The Training and Examination are conducted by EXPERTsuisse as mandated by the Sponsoring Organization for the Advanced Federal Professional Examination for Certified Public Accountants (Trägerschaft – höhere Fachprüfung dipl. Wirtschaftsprüfer / Dipl. Wirtschaftsprüferin). ↩

File

Name Letter to update letter of understanding from FAOA on mutual recognition of statutory audit qualifications
Publication date 22 October 2026
Format PDF, 73.5 KB
Download original
Back to top