New procedures “Annual declaration” dedicated to the Audit Profession

Published on 18 December 2024 Email this Share this on LinkedIn Share this on Facebook Communiqué New procedures “Annual declaration” dedicated to the Audit Profession Starting from 2 January 2025, the CSSF makes available two new procedures related to the audit profession in eDesk: Annual declaration for “Réviseurs d’entreprises agréés” Annual declaration for approved audit firms The procedures allow audit professionals to complete their annual declarations and submit it. A guide is available for professionals in order to acquaint themselves with the content of the annual declarations: Annual declarations for “réviseurs d’entreprises agréés” and approved audit firms As previously mentioned in our Communiqué published on 6 November 2024, access to procedures via MyGuichet is now deactivated. The new procedures are in addition to other existing procedures in eDesk for audit professionals. For any questions, please contact edesk@cssf.lu. 18 December 2024 Annual declarations for “réviseurs d’entreprises agréés” and approved audit firms Version 1 CSSF guidance PDF (762.44Kb) Relevant for Public Oversight of the Audit Profession Annual declarations for “réviseurs d'entreprises agréés” and approved audit firms Annual declarations for “réviseurs d'entreprises agréés” and approved audit firms TABLE OF CONTENTS

1. Purpose of the document ................................................................................................ 3
2. Annual declaration for “réviseurs d'entreprises agréés” Subtitle........................................... 3 2.
3. Initiating a declaration.............................................................................................. 3 2.
4. Step 1: Training courses attended.............................................................................. 4 2.
5. Step 2: Statistics of completed engagements .............................................................. 5 2.
6. Step 3: Details of completed engagements ................................................................. 6
7. Annual declaration for approved audit firms ...................................................................... 7 3.
8. Initiating a declaration.............................................................................................. 7 3.
9. Step 1: General information ...................................................................................... 8 3.
10. Step 2: Mission statistics .......................................................................................... 9 3.
11. Step 3: Total revenues ........................................................................................... 10 3.
12. Step 4: List of audited PIEs ..................................................................................... 10 3.
13. Step 5: Claims....................................................................................................... 12
14. Contact information ..................................................................................................... 12 ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 2/12
15. Purpose of the document The aim of this document is to present the content of the annual declarations for “réviseurs d'entreprises agréés” and approved audit firms for the reference year 2024, ahead of their planned online launch on January 2,
16. The document includes screenshots of the applications.
17. Annual declaration for “réviseurs d'entreprises agréés” Subtitle 2.
18. Initiating a declaration When you start a new declaration, you need to first indicate the context in which you make your annual declaration. The questions are the following: - Are you making this declaration for an activity on behalf of an audit firm? o - - “Yes”: You can select an audit firm. o “No”: This option is dedicated to self-employed auditors. o “Yes”: The reference period is from January 1, 2024 to December 31,
19. Did you operate all year round? o “No”: You can select the dates to be considered for this declaration. o “Yes”: Elements concerning EIPs will be expected in the declaration. Did you carry out any engagements for public-interest entities (PIEs) during this period? o “No”: No information concerning PIEs should be entered in the declaration. ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 3/12 2.
20. Step 1: Training courses attended ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 4/12 2.
21. Step 2: Statistics of completed engagements The screenshot below shows the case where the user selected “Yes” to the following question when creating the declaration: Did you carry out any engagements for public-interest entities (PIEs) during this period? If the user selects “No”, the “PIE engagements” section is not displayed. ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 5/12 2.
22. Step 3: Details of completed engagements The user must complete the list of engagements carried out during the reference period by clicking on 'Add engagement'. List of values : - - Entity type: o PIE listed Bank o PIE listed Other o PIE non-listed Insurance and Reinsurance o PIE listed Insurance and Reinsurance o PIE non-listed Bank o Non-PIE o Statutory audit Mandate type: o Consolidated audit Please note that the user can choose to add entries to the table manually, or to add them automatically via an Excel template downloadable from this screen. ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 6/12
23. Annual declaration for approved audit firms 3.
24. Initiating a declaration By selecting “Non-PIE missions only”, the user must complete the following steps: - Step 1: General information - Step 2: Mission statistics - Step 3: Claims By selecting “Non-PIE and PIE missions”, the user must complete the following steps: - Step 1: General information - Step 2: Mission statistics - Step 3: Total revenues - Step 5: List of audited PIEs - Step 5: Claims ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 7/12 3.
25. Step 1: General information ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 8/12 3.
26. Step 2: Mission statistics The screenshot below shows the case where the user selected “Non-PIE and PIE missions” when creating the declaration. If the user selects “Non-PIE missions only”, the “PIE engagements” section is not displayed. ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 9/12 3.
27. Step 3: Total revenues 3.
28. Step 4: List of audited PIEs The user must complete the list of audited PIEs carried out by the audit firm during the reference period by clicking on 'Add a PIE'. ANNUAL DECLARATIONS FOR “RÉVISEURS D'ENTREPRISES AGRÉÉS” AND APPROVED AUDIT FIRMS 10/12 List of values : - - - PIE type: o PIE listed Bank o PIE listed Other o PIE non-listed Insurance and Reinsurance o Yes o PIE listed Insurance and Reinsurance o PIE non-listed Bank Audit committee: o No o art. 52