Recognition of audit firms

Audit firms approved in another Member State

 

In Luxembourg, the Audit Law lays down that only réviseurs d’entreprises agréés (approved statutory auditors) and cabinets de révision agréés (approved audit firms) may carry out statutory audits.

 

However, a derogation to this principle exists that allows an audit firm approved in another Member State to carry out statutory audits in Luxembourg provided that the key audit partner carrying out the statutory audit on behalf of the audit firm is a réviseur d’entreprises agréé (approved statutory auditor).

  
While exercising its activity in Luxembourg, the audit firm must comply with the Audit Law as do the cabinets de révision agréés (approved audit firms) and réviseurs d’entreprises agréés (approved statutory auditors) and will be subject to public oversight of the audit profession with respect to the statutory audits carried out in Luxembourg.

 
These audit firms will be registered by the CSSF and included in the public register in this capacity.

 
The audit firms wishing to benefit from this derogation must fill in Form C (LU) and Annex Form C (LU) and send them duly signed and with the required supporting documents attached to it: supaudit@cssf.lu.

 
Not later than eight working days as from receiving the written request and provided that the file containing the information necessary to verify the prerequisites is complete, the CSSF registers the audit firm. It attributes a personal ID number to the audit firm which must be indicated in all subsequent exchanges with the CSSF.

 
The personal ID number allocated by the CSSF is a unique and permanent number.

Public oversight of the audit profession

Tel. : (+352) 26 25 1 - 512

Fax : (+352) 26 25 1 - 602

supaudit@cssf.lu