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Chartered Accountants – Recognition of Firms

General Information

A request for recognition must be filed for chartered accountancy professions (self-employed commercial accountants, tax consultants, statutory auditors) exercised by firms.

The Austrian Chamber of Tax Advisors and Public Accountants (Kammer der Steuerberater und Wirtschaftsprüfer) has to issue an official decision refusing recognition if the requesting party fails to meet any of the requirements for recognition.

The Austrian Chamber of Tax Advisors and Public Accountants (Kammer der Steuerberater und Wirtschaftsprüfer) must revoke a recognition-based licence to exercise a chartered accountancy profession if the party concerned fails to meet the requirements for recognition.

Requirements

Firms who want to exercise chartered accountancy professions must meet the following requirements for recognition:

  • A corporate form which can be registered in the Austrian company register
  • Written company statutes
  • The company’s name has to contain the name of the profession
  • The partners have to be natural persons or companies owning a professional licence
  • Special trustworthiness
  • Well-ordered finances
  • A pecuniary damage liability insurance
  • Existing office address

Recognition of firms will be refused if the requirements defined in section 68 of the Wirtschaftstreuhandberufsgesetz (WTBG) are not met.

Recognition will be revoked if the requirements defined in section 51 of the Wirtschaftstreuhandberufsgesetz (WTBG) are not met.

Deadline

No special deadlines need to be observed.

Competent Authority

Austrian Chamber of Tax Advisors and Public Accountants (→ KSW)German text

Procedure

The request may be submitted personally or in writing to the competent authority.

Documents Required

  • Certificates or supporting documents concerning satisfaction of requirements

Expenses

  • Request
    • Euro 47.30 federal fee
    • attachment: Euro 3.90 per sheet
  • Document
    • Euro 285.90 federal fee (depending on authorisation)

Please note

Fees become due once the procedure is settled. For this purpose a payment form will be mailed to the party concerned.

Legal Basis

Sections 8, 9, 10, 11, 12, 51 and following and 65 and following of the Wirtschaftstreuhandberufsgesetz (WTBG)

Expert Information

No expert information is available.

last update: 18 January 2021

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