As part of its supervision, the BAOB can decide to refer matters to the FSMA’s Sanctions Committee. No further appeal is possible from that decision.
If such a decision is taken, the BAOB initiates a procedure that can lead to the imposition of administrative measures ranging from a reprimand through withdrawal of the status of auditor to administrative fines. The administrative measures and fines that the Sanctions Committee can impose are defined in Article 59 of the Law of 7 December 2016 on the organization of the profession and the public oversight of auditors.