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 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).

After IFRS 9 Financial Instruments amended the accounting treatment of equity investments, the International Accounting Standards Board (IASB) decided that such investments are, by default...

The new standards on lease accounting are here. They became effective on 1 January 2019 for calendar year-end companies.

The hype today around IFRS 9 and 15 is, at times, reminiscent of how IFRS 10 was received when it went live five years ago.

Since the arrival of IFRS 16, the new standard on lease accounting, debates have arisen over how accounting for leases will change and how organisations will be affected.

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

On 22 March 2025, the Luxembourg Accounting Standards Board (CNC) released a new Q&A (No. 25/035) containing valuable information on the impact of the Pillar 2...

Luxembourg reshapes its accounting laws by: covering all accounting obligations in a single law endorsing concepts of the Directive 2013/34/EU on annual financial statements, consolidated financial statements...

La loi du 21 avril 1928 sur les associations et les fondations sans but lucratif est maintenant abrogée, remplacée par la toute nouvelle loi du 7 août 2023 sur les associations sans but lucratif et les fondations.

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")...

On 13 November 2023, the Luxembourg government published amendments to Bill of law no. 8292 implementing EU Council Directive on ensuring a global minimum level of taxation...

On 13 November, amendments to the bill of law implementing Pillar Two's "GloBE Rules" were published.

On 17 December 2021, the CSSF, being the Luxembourg competent authority under the Transparency Law, published a press release outlining a list of areas to which particular attention will be paid...

With global accountability the ‘new normal', it's more important than ever to understand your tax compliance obligations in Luxembourg.

This newsflash highlights the features of the new Circular CSSF 23/845 that is relevant for credit institutions incorporated under Luxembourg law,1 including their branches...