| EXPERTsuisse | |
|---|---|
| Membership | Voluntary |
| No. of members | 8,750 |
| Institute staff | 40 |
| Date of establishment | 1925 |
| Local branches | 2 |
| Subject to public oversight | No |
| Public oversight authority | N/A |
| Involvement in Qualification and Market Access | EXPERTsuisse |
|---|---|
| Initial education | Yes |
| Examination | Yes |
| Approval and registration | No |
| Continued Professional Development | Yes |
| Activities | EXPERTsuisse |
|---|---|
| Standard setting | Yes (standard setting for audits of PIEs in coordination with FAOA) |
| Quality assurance | Yes (on site quality performance inspections performed by FAOA and limited to audit firms of PIEs) |
| Disciplinary measures | Yes |
| Professions | Licensed Audit Expert | Licensed Auditor |
|---|---|---|
| Professional body | EXPERTsuisse | EXPERTsuisse |
| Protected title | Yes | Yes |
| Reserved activities1 | Statutory Audits | Statutory Limited Examinations |
| Included authorisations | N/A | N/A |
| Statutory Auditor | Accountants | |
|---|---|---|
| Regulated profession | Yes | Yes |
| Supervision | No (only audit firms of PIEs) | No |
| Public oversight authority | Federal Audit Oversight Authority (FAOA) | Federal Audit Oversight Authority (FAOA) |
| Statutory Auditor | Accountants | |
|---|---|---|
| General initial education steps (without possible exemptions) | One of the educations listed in Article 4, para 2 Federal Act on the Licensing and Oversight of Auditors (AOA)1 Between 3 and 12 years of practical training (depending on diploma) | One of the educations listed in Article 4, para 2 AOA2 1 year of practical training |
| Statutory Auditor | Accountants | |
|---|---|---|
| No. of qualified professionals | 7,000 | 2,600 |
| No. of new trainees per year | 400 | 400 |
| No. of people taking the professional examination | 260 | Information not available |
| No. of people passing the professional examination | 260 | Information not available |
| Statutory Auditor | Accountants | |
|---|---|---|
| Registration required | Yes | Yes |
| Competent authority for registration | FAOA | FAOA |
| Cost of appointment/ registration | CHF 800 (€650) | CHF 800 (€650) |
| Oath required | No | No |
| Insurance required | No (only audit firms of PIEs) | No |
| Professional address required | No (only audit firms, including sole proprietorships) | No (only audit firms, including sole proprietorships) |