AUDIT ASSURANCE
Your Business, Our Audit, Perfect Match !
At ACSe, we serve as Independent Auditors for both statutory and consolidated annual accounts of Luxembourg-based companies.
Our audits adhere to the International Standards on Auditing (ISA) as adopted by Luxembourg's regulatory authority, the CSSF.
The Luxembourg accounting policies and valuation rules as laid down by the law of Decembre 19, 2002 as amended (the “LuxGaap”) and the International Financial Reporting Standards (the “IFRS”) are the usual accounting standards of our audits.
Legal Audits
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Securitization Vehicles: Law of March 22, 2004
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Banks, Credit Institutions, and Financial Sector Professionals (PFS): Law of April 5, 1993
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Payment Services and Electronic Money Institutions: Law of November 10, 2009
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Alternative Investment Fund Managers (AIFM): Law of July 12, 2013
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Undertakings for Collective Investment Funds (UCITS): Law of December 17, 2010
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Specialized Investment Funds (SIF): Law of February 13, 2007
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Investment Companies in Risk Capital (SICAR): Law of June 15, 2004
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Insurance and Reinsurance companies: Law of December 6, 1991
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Pension Savings Companies with Variable Capital (SEPCAVs) and Pension Savings Associations (ASSEPs): Law of July 13, 2005.
Legal audits are mandated by Luxembourg legislation for commercial companies, under the law of August 10, 1915 as amended, based on specific size and legal form criteria. These audits are also required by various sector-specific laws, including:
Contractual Audits
Contractual audits, while not legally required, are conducted at the client's request to meet specific internal or external needs.
Our approach and professional diligence in these audits are identical to those in legal audits.
However, legal audits must be performed by an approved statutory auditor (“Réviseur d’Entreprises Agréé”), whereas contractual audits can be carried out by a statutory auditor (“Réviseur d’Entreprises”).
Our Audit Approach
Our audit approach always begins with a strong emphasis on understanding the internal and external environment in which the company operates.
We identify and understand the key users of the financial statements and the desired financial and operational objectives.
This thorough understanding allows us to pinpoint risks and concentrate our efforts where they are most needed, always demonstrating exemplary professional skepticism.
This meticulous approach ensures that our audits not only comply with regulatory standards but also align with your business objectives.
We are committed to providing thorough and reliable auditing services to ensure your financial statements meet all regulatory and client-specific requirements.