On Monday, 13 September 2021, Michael Sell took over as the Head of the Auditor Oversight Body (AOB).
The Auditor Oversight Body is responsible for the independent and public oversight of auditors and audit firms which perform audits of public interest entities. It plays an important role in maintaining the quality and professional standards of statutory audits in Germany.
The AOB is also tasked with public professional oversight of the German Chamber of Public Accountants (WPK) and in that role, it is responsible for the quality of statutory audits of all other companies. It also monitors developments in the market for auditing services and is tasked with the cooperation with European and other international supervisory bodies.
