Candidates for the audit profession

The three types of candidates for the audit profession in Luxembourg are:

  • the candidates exercising a professional activity in Luxembourg as referred to in Article 1, point (1) of GDR access to the profession;
  • the candidates who are approved as statutory auditors or who satisfy the requirement of approval in other Member States as referred to in Article 1, point (2) of the GDR access to the profession;
  • the candidates who are holders of an approval considered as equivalent in third countries ensuring reciprocity in Luxembourg, as referred to in Article 1, point (3) of the GDR access to the profession.

To be admitted to the professional training for réviseurs d'entreprises (statutory auditors), the candidate must:

  • have the theoretical qualification specific to the profession at Master level or equivalent;
  • certify his/her good repute.

In order to obtain the title "réviseur d'entreprises" (statutory auditor), the candidate must then:

  • carry out a professional training supervised by the CSSF for three years (at least) to seven years (at the most);
  • complete additional training on Luxembourg legislation organised by the University of Luxembourg;
  • and pass a specific examination of professional competence organised by the CSSF.

An exemption concerning the initial diploma, the training and the practical training may be granted after 15 years of professional experience in the fields of finance, law and accounting.

 
An exemption concerning the initial diploma and the training may be granted after 7 years of professional experience in the fields of finance, law and accounting.

 
An exemption concerning the training, the examination of professional competence and part of the additional training may be granted to candidates who are approved in another Member State.

 
An exemption concerning the training and the examination of professional competence as well as part of the additional training may also be granted to candidates who are approved in a third country recognised as equivalent and ensuring reciprocity in Luxembourg.