Circular CSSF 20/760 is a CSSF circular, published 8 December 2020. Subject: Repeal of the ad hoc report to be issued by the réviseur d’entreprises agréé (approved statutory auditor) for the reconciliation between the accounts published under LUX GAAP or LUX GAAP with “IAS options” and the final FINREP version.
\nRelevant for: Credit institutions.
\nKeywords: Accounting, Approved statutory auditor (réviseur d'entreprises agréé), IFRS.
\nCircular CSSF 20/760 REPEAL OF THE AD HOC REPORT TO BE ISSUED BY THE RÉVISEUR D’ENTREPRISES AGRÉÉ
\n(APPROVED STATUTORY AUDITOR) FOR THE RECONCILIATION BETWEEN THE ACCOUNTS PUBLISHED UNDER LUX GAAP OR LUX
\nGAAP WITH “IAS OPTIONS” AND THE FINAL
\nFINREP VERSION
\nCircular CSSF 20/760 Re: Repeal of the ad hoc report to be issued by the réviseur d’entreprises agréé (approved statutory auditor) for the reconciliation between the accounts published under LUX GAAP or LUX GAAP with “IAS options” and the final FINREP version
\nLuxembourg, 8 December 2020 To all Luxembourg law credit institutions
\nLadies and Gentlemen, 1. The purpose of this circular is to inform that the CSSF has decided to repeal the ad hoc report by which the réviseur d’entreprises agréé (approved statutory auditor) describes and assesses the reconciliation between the accounts published under LUX GAAP or LUX GAAP with “IAS options” and the final FINREP version under IAS/IFRS. As from the financial year ending 31 December 2020, the institutions publishing their accounts under LUX GAAP or LUX GAAP with “IAS options” shall continue to submit a reconciliation between the annual accounts and the FINREP reporting including figures and narratives, without this reconciliation being assessed by the réviseur d’entreprises agréé. 2.
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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