An individual shall be licensed as an audit expert if he or she satisfies the requirements relating to education and professional experience and has a spotless record.
The following persons satisfy the requirements relating to education and professional experience:
Swiss certified accountants;
Swiss certified fiduciary experts, Swiss certified tax consultants and accounting and controlling experts who hold the federal diploma, provided they each have at least five years’ professional experience;
graduates in business, economics or law followed from a Swiss university or university of applied sciences, specialists in finance and accounting who hold a federal certificate and fiduciaries who hold a federal certificate, provided they each have at least twelve years’ professional experience;
persons who hold foreign qualifications comparable to those stated under letter a, b or c, have corresponding professional experience and can demonstrate the necessary knowledge of Swiss law, in so far as this is provided for in a treaty with the country of origin or the country of origin grants reciprocity.
The Federal Council may recognise other equivalent qualifications and determine the period of the required professional experience.
The professional experience must have been acquired primarily in the fields of accounting and auditing, with at least two thirds under the oversight of a licensed audit expert or a foreign specialist with comparable qualifications. Professional experience acquired while training shall be taken into account, provided that these requirements have been met.