Auditors
are authorized to conduct professional audits and give related advice in the areas of finance and accounting,
taxes, financing, organization, and information technology (articles 1 and 7 of the Law on Auditors
and Auditing Firms). Auditing firms: Auditing activities
may also be undertaken in the form of a legal entity. A licensed auditor in accordance with article
1 paragraph 2 must direct the activities listed in article 7 and assume responsibility as manager. A
licensed auditor is authorized to practice as an individual and as manager of a legal entity (articles
7, 21 und 22 of the Law on Auditors and Auditing Firms). Resident
European auditors: EEA citizens of States with which an applicable reciprocity agreement exists may
establish domicile in Liechtenstein as an auditor, if they are licensed to practice as an auditor in
accordance with the requirements of their home State (articles 31 et seq. of the Law on Auditors and
Auditing Firms). The Liechtenstein Association
of Auditors  is constituted by the auditors and auditing firms practicing
in accordance with article 7 of the Law on Auditors and Auditing Firms. The Association of Auditors
is a body under public law and, to safeguard legality, is subject to the overall supervision of the
Government (articles 25 et seq. of the Law on Auditors and Auditing Firms). | 
