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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](/thumbnails/116167-900-1000-Max.jpg)

		
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.