24 results found

A 12-month grace period has been announced by the CSSF for the application of the European Single Electronic Format (ESEF) requirements in relation to annual financial reports.

The accounting reform continues: the law of July 30th 2013 (the "New Law") reorganises the Commission for Accounting Standards (Commission des Normes Comptables - CNC) and modifies certain statutory provisions on annual accounts and consolidated accounts.

This report is the first ever edition of the Luxembourg Treasury Survey. Its analyses and conclusions are based on data gathered via online surveys that were sent to companies that have treasury activities in Luxembourg.

On 29 August 2024, Luxembourg's CSSF issued Circular 24/860, clarifying governance, risk management, and audit committee requirements for credit institutions, updating key provisions of Circular 12/552.

How have the roles and responsibilities of audit committees ("ACs") changed in the wake of new regulation that has recently become effective?

On 12 May 2022, the Committee on Economic and Monetary Affairs within the European Parliament (hereafter the "Committee") issued a draft report (the "Draft Report")...

On 14 July 2016, the draft bill n°6929 creating a new Luxembourg fund structure called the Reserved Alternative Investment Fund (RAIF).

All public interest entities have to tender when required – there is no exception to the rule.

In my last article, I discussed how the IASB aims to significantly improve financial statement disclosures and to provide the preparers with clearer guidance on applying the requirements set out in accounting standards.

The law of 23 July 2016 on the audit profession and Regulation (EU) N° 537/2014 on specific requirements regarding the statutory audit of public interest entities extend the responsibilities...

Welcome to the final part of our 6-part series of articles about how audit committees ("ACs") can prepare and deal with new legislation.

The purpose of this bill is to overhaul the Luxembourg accounting law applicable to companies. This reform aims to modernize Luxembourg accounting law by making it more readable...

On 7 February 2023, the Commissariat aux Assurances ("CAA") published Circular Letter 23/3 on the harmonised quantitative money laundering and terrorist financing ("ML/TF")...

Data is generated, stored, and made available today like it has never been before. Gradually, data has become big data, typically characterised as being high volume, high velocity, and high variety.

Audit committees ("ACs") have taken on new roles since new regulation took effect earlier this year.

For decades, VAT has been part of the daily management of all companies. From a simple check on accuracy of figures to deep on-site audits, the VAT Authorities audit businesses on a more regular basis.

Welcome to part 4 of our 6-part article series about how audit committees ("ACs") can prepare and deal with new legislation.