Services

Audit

Approved statutory auditors (“réviseurs d’entreprises agréés”) and supervisory auditors (“commissaires aux comptes”) play a crucial role in auditing and supervising companies in Luxembourg. They are responsible for auditing the annual accounts and management report, thereby ensuring the transparency and compliance of a company’s operations.

B&R Consulting can act as supervisory auditor (“commissaires aux comptes”) or liquidation auditor.

From audit reports to liquidations
Our audit services

From audit reports to liquidations

  • Supervisory auditor
  • Liquidation auditor
Supervisory auditor

Oversight of S.A., S.à r.l. and S.C.A.

As supervisory auditors (“commissaires aux comptes”), we audit and verify that the annual accounts of these companies are a true and fair reflection of their financial position. We also oversee their corporate operations:

  • S.A. (public limited company): appointment required upon incorporation of the company
  • S.à r.l. (limited liability company): appointment required as soon as the company has more than 60 members
  • S.C.A. (partnership limited by shares): appointment of a supervisory board of three auditors

The supervisory auditor is replaced by an approved statutory auditor (“réviseur d’entreprises agréé”) when the audited company exceeds two of the following three thresholds for at least two consecutive financial years:

(i) Total balance sheet exceeding EUR 4.4 million
(ii) Turnover exceeding EUR 8.8 million
(iii) Average workforce exceeding 50 employees

Liquidation auditor

Transparency and obligations

During a voluntary liquidation of a company in three steps, the second general meeting must appoint a liquidation auditor. In this capacity, we verify the accuracy of the liquidator’s report accompanied by the opening and closing accounts prepared by the liquidator.

We ensure that the accounts are kept on a liquidation basis and issue our report with a view to holding the third and final general meeting to formalise the closing of the liquidation. The liquidation auditor is replaced by an approved statutory auditor under the same conditions as those mentioned above.