CSSF Regulation No 24-07 of 8 October 2024 is a CSSF regulation relating to: 1) the establishment of a list of Master’s degrees or diplomas corresponding to equivalent training which satisfy the requirements referred to in paragraphs 1 and 2 of Article 2 of the Grand-ducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d’entreprises (statutory auditors) and réviseurs d’entreprises agréés (approved statutory auditors); 2) the establishment of a list of approvals referred to in Article 1, point (3) of the Grand-ducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d’entreprises (statutory auditors) and réviseurs d’entreprises agréés (approved statutory auditors), published 8 October 2024.
\nLegal basis: Law of 23 December 1998 creating the CSSF, Law of 23 July 2016 on the audit profession.
\nRelevant for: Public Oversight of the Audit Profession.
\nKeywords: Candidate to the Audit profession.
\nCSSF Regulation No 24-07 of 3 October 2024
\nIn case of discrepancies between the French and the English texts, the French text shall prevail.
\nCSSF Regulation No 24-07 of 3 October 2024 relating to: (1)
\nthe establishment of a list of Master’s degrees or diplomas corresponding to equivalent training which satisfy the requirements referred to in Article 2(1) and (2) of the Grand-ducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d’entreprises (statutory auditors) and réviseurs d’entreprises agréés (approved statutory auditors);
\n(2)
\nthe establishment of a list of approvals referred to in point (3) of Article 1 of the Grand-ducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d’entreprises (statutory auditors) and réviseurs d’entreprises agréés (approved statutory auditors). (Mém. A 2024, No 419)
\nThe Executive Board of the Commission de Surveillance du Secteur Financier, Having regard to Article 129(2) of the Constitution; Having regard to the Law of 23 December 1998 establishing a financial sector supervisory commission (“Commission de surveillance du secteur financier”), and in particular Article 9(2) thereof; Having regard to the Law of 23 July 2016 concerning the audit profession, and in particular Articles 3 and 36(5) thereof; Having regard to the Grand-ducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d'entreprises (statutory auditors) and réviseurs d'entreprises agréés (approved statutory auditors), and in particular point (3) of Article 1 and Article 2(3) thereof; Having regard to the opinion of the Consultative Commission; Having regard to the opinion of the Consultative Committee for the Audit Profession; Decides:
\nArticle 1 Registration on the list of diplomas (1) In order to be registered on the list of Master's degrees or diplomas corresponding to equivalent training, the diplomas must cover, with the minimum ECTS credits (European Credit Transfer and Accumulation System) or equivalent credits, the subjects referred to in Article 2(2) of the Grand-ducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d'entreprises (statutory auditors) and réviseurs d'entreprises agréés (approved statutory auditors).
\nCSSF REGULATION No 24-07 OF 3 OCTOBER 2024
\n(2) The diplomas fulfilling the requirements laid down in Article 2(1) and (2) of the abovementioned Grand-ducal regulation are the following: 1. in Luxembourg: -
\nMaster in Accounting and Audit of the University of Luxembourg;
\nMaster in Management (specialisation in audit) of the Luxembourg School of Business.
\nDiplôme supérieur de comptabilité et de gestion (DSCG).
\nArticle 2 Registration on the list of approvals (1) In order to be registered on the list of approvals referred to in point (3) of Article 1 of the Grandducal Regulation of 14 December 2018 determining the requirements for the professional qualification of réviseurs d'entreprises (statutory auditors) and réviseurs d'entreprises agréés (approved statutory auditors), the approvals, in the third country, shall comply with the same requirements or equivalent requirements as those provided for in Articles 4 and 6 to 10 of Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, as amended, and the third country shall ensure conditions of reciprocity as regards the recognition of the approval of the Luxembourg réviseur d'entreprises (statutory auditor). (2) The approvals referred to in point (3) of Article 1 of the above-mentioned Grand-ducal Regulation of 14 December 2018 are the following: 1. in Switzerland: -
\nthe approval as Expert-Réviseur.
\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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