Oversight Concept

The oversight concept explains the procedures used by the FAOA in supervising audit firms under state oversight. The FAOA’s concept unites the principles of regulatory requirements with procedures commonly used internationally. The aim is for both effective and efficient oversight.

The concept is currently being revised. It will be published shortly.

Guidances on regulatory matters

The guidances on regulatory matters serve to provide audit teams with practical guidance on how to respond to risks of material misstatement arising from fraud or non-compliance with laws and regulations.