CSSF Regulation No 19-02 of 27 January 2022 is a CSSF regulation relating to: 1) the adoption of audit standards in the field of statutory audit under the Law of 23 July 2016 concerning the audit profession; 2) the adoption of standards on professional ethics and internal quality control under the Law of 23 July 2016 concerning the audit profession, published 27 January 2022. The CSSF marks it as outdated.
\nLegal basis: Law of 23 July 2016 on the audit profession, Law of 13 July 2005 on institutions for occupational retirement provision (SEPCAV and ASSEP), Law of 10 August 1915 on commercial companies, Loi du 18 décembre 2009 relative à la profession de l'audit et: –, Law of 13 February 2018, Law of 12 November 2004 on anti-money laundering, Law of 10 November 2009 on payment services and electronic money, Loi du 9 décembre 1976 relative à l'organisation du notariat, Loi du 4 décembre 1990, Loi du 10 août 1991, Law of 5 April 1993 on the financial sector, Loi du 10 juin 1999 relative aux établissements classés.
\nRelevant for: Public Oversight of the Audit Profession.
\nKeywords: Auditing standards, Ethical standard, Internal Quality Control Standard.
\nThis consolidated text was drawn up by the CSSF for information purposes only. In case of discrepancies between the French and the English consolidated texts, the texts published in the Journal Officiel du GrandDuché de Luxembourg are the sole authoritative and universally valid versions.
\nLaw of 23 July 2016 concerning the audit profession and: - transposing Directive 2014/56/EU of the European Parliament and of the Council of 16 April 2014 amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts; - implementing Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of publicinterest entities and repealing Commission Decision 2005/909/EC; - amending the Law of 13 July 2005 on institutions for occupational retirement provision in the form of a SEPCAV and an ASSEP, as amended; - amending the Law of 10 August 1915 on commercial companies, as amended; - repealing the Law of 18 December 2009 concerning the audit profession as amended by: −
\n(Mém. A 2016, No 141)
\nthe Law of 13 February 2018 1.
\ntransposing the provisions on the professional obligations and the powers of the supervisory authorities as regards the fight against money laundering and terrorist financing of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC;
\nimplementing Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006;
\namending: (a) the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended; (b) the Law of 10 November 2009 on payment services, as amended; (c) the Law of 9 December 1976 on the organisation of the profession of notary, as amended; (d) the Law of 4 December 1990 on the organisation of bailiffs, as amended; (e) the Law of 10 August 1991 on the legal profession, as amended; (f) the Law of 5 April 1993 on the financial sector, as amended; (g) the Law of 10 June 1999 on the organisation of the accounting profession, as amended; (h) the Law of 21 December 2012 relating to the Family Office activity; (i) the Law of 7 December 2015 on the insurance sector, as amended; (j) the Law of 23 July 2016 concerning the audit profession. (Mém. A 2018, No 131)
\nthe Law of 25 March 2020 amending: 1° 2° 3° 4° 5° 6°
\nthe Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended; the Law of 9 December 1976 on the organisation of the profession of notary, as amended; the Law of 4 December 1990 on the organisation of bailiffs, as amended; the Law of 10 August 1991 on the legal profession, as amended; the Law of 10 June 1999 on the organisation of the accounting profession, as amended; the Law of 23 July 2016 concerning the audit profession, as amended;
\nwith a view to transposing certain provisions of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU. (Mém.
\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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