Update of Supervisory Notice 1/2022

  • Oversight

Update of Supervisory Notice 1/2022 on the consideration of fraud risks in the context of audit services

The FAOA has revised its Supervisory Notice 1/2022. The updated version takes into account the findings from the FAOA inspections of audit firms under state oversight in the years 2021 to 2025. Although the number of related findings has decreased, there is still room for improvement.

Guidances on regulatory matters