Audits
Take stock of your company's financial situation with AR SERVICES to assess its health and facilitate your decision-making.
The statutory auditor’s tasks
A financial audit is an essential step for any company that wants a clear and objective view of its financial management. This rigorous procedure allows for the evaluation and verification of the compliance of financial information, accounting processes, and internal practices.
To achieve this, it is essential to entrust this task to an independent and impartial professional. This function falls to the auditor, who is responsible for verifying and certifying the financial data.
To go further and secure your financial management, discover our audit specialists and benefit from support from certified professionals.
The statutory auditor’s tasks
The statutory auditor’s main task is to audit the annual financial statements, which inextricably comprise the balance sheet, income statement and notes. His role is to certify that the annual financial statements give a true, fair and faithful view of the company’s results, financial situation and assets.
The accuracy of accounts is the application in good faith of rules and procedures. It relies on the knowledge that those responsible for the accounts should normally have of the reality, the significance of the transactions, and the accounting events and situations.
The statutory auditor’s tasks
In cases where the rules are insufficient or even non-existent, the accounting principle of a true and fair view will be used to reflect the economic reality. The auditor must therefore form an opinion (and express it) as to whether the financial statements accurately reflect the company's situation.
In his general report, the auditor presents his conclusions to the general meeting. The opinion on the accounts is clearly expressed in the first part of the report and can only be one of the following: "qualifying opinion" or "unqualified opinion".
In addition to its legal missions, the auditor can also assess the effectiveness of internal processes, identify the strengths and weaknesses of operations and thus propose areas for improvement.
The statutory audit of the accounts is carried out by an independent auditor, in accordance with current Luxembourg legislation.
