Auditing of institutions under CISA

FINMA uses regulatory auditors to extend its reach when supervising licence holders in accordance with the Collective Investment Schemes Act (CISA).

Audit firms carry out annual audits on a risk-oriented basis. They also perform an advance risk analysis to provide FINMA with a proposed audit strategy, which FINMA then uses to determine the type of auditing measures to be carried out for each licence holder, such as more intensive audits or additional audits. The audit firm executes the auditing measures on site at the premises of the licence holder.

The audit areas to be assessed for licence holders under CISA are defined in FINMA Circular 2013/3 "Auditing" and its annexes. Audit companies check whether licence holders comply with the legal, contractual, statutory and regulatory provisions and record their findings in an annual audit report which is submitted to the licence holders and to FINMA.

Documents

Annexes to Auditing Circular

Guidelines for Auditing Circular

Wegleitung KAG

Updated: 31.01.2017 Size: 0,35  MB
Add to personal download list
Audit points
 

Submission of Auditing Circular

Audits for institutions seeking authorisation

Change of audit firm