Independence of the Audit Office in the Limited Audit

Can the audit office and trustee be the same company? Learn what needs to be considered if your limited audit is conducted by your trustee.

The independence of the audit office is an important characteristic that must be demonstrated. If the involvement of a trustee in bookkeeping or the provision of other services entails the risk of reviewing one's own work, the audit office must take appropriate organizational or personnel measures to ensure a reliable audit (Art. 729 para. 2 OR).

Services are deemed relevant where there is a risk of reviewing one's own work (Art. 729 para. 2 sentence 1 OR). The precise determination of the delineation between the bookkeeping of the audited company and all other relevant services is to be defined by the auditing company. The responsibility lies with the lead auditor of the audit mandate. According to the Federal Council, the work in bookkeeping, including other relevant services and the limited audit, must not be performed by the same person or the same group of persons (Message of the Federal Council, BBl 2004 4026). In any case, clear and effective separation of functions must be ensured.

Due to the size of Findea, characterized by geographical, organizational, and personnel separation, all regulations for protecting your company can be adhered to. We can therefore manage your bookkeeping as well as conduct a limited audit for you. Our experts are pleased to advise you on all matters related to bookkeeping and the limited audit. Calculate your quote online and schedule a consultation.