Luxembourg statutory auditors: How LPG’s expertise supports companies’ audit
At LPG Fiduciary, we have extensive experience in supporting businesses throughout audit in Luxembourg. While a chartered accountant advises on and assists with specific financial and accounting needs, a statutory auditor has a legal obligation to supervise and control company accounts.
The legal framework dictates when a statutory auditor must be appointed, our focus lies in delivering real value to our clients—by helping ensure reliable financial information, strengthening internal controls, and contributing to the overall financial success of businesses.
For a new venture or a well-established enterprise, our team can bring clarity to audit compliance requirements, making sure that the company can confidently address statutory obligations without being tied down by administrative restrictions.
Rather than relying on a one-size-fits-all method, we tailor our audit approach to our clients' unique situation.
Our team may provide statutory auditor services for Luxembourg SA (PLC*) or audit for Luxembourg SARL (LLC**), so we scale our services accordingly—ensuring precise monitoring of accounts, balanced with efficiency and practicality.
Beyond simply verifying numbers, our statutory audit process is designed to identify potential risks early.
Our team provides ongoing recommendations on improving internal controls and enhancing operational resilience, ultimately promoting higher standards of governance.
At LPG, we offer a well-coordinated approach that combines the strengths of both: we perform statutory audits where required, while also drawing on our in-house chartered accounting services for seamless guidance and advice.
Though our overarching goal is to use our skills to add value, it’s important to know the main instances when Luxembourg law requires the appointment of a statutory auditor:
- Luxembourg SA (PLC): By law, these companies must appoint at least one statutory auditor upon incorporation.
- Luxembourg SARL (LLC) with more than 25 shareholders: They must appoint at least one statutory auditor.
- Luxembourg SCA or SECA (partnerships limited by shares): These require a minimum panel of three statutory auditors.
A thorough statutory audit by LPG can enhance stakeholder confidence—vital for shareholders, investors, and financial institutions.
