PwC Luxembourg adopts electronic signature to enhance processes

4 November 2019

  • Pioneer audit firm on Luxembourg market to use electronic signature for audit reports
  • Significantly reduces paper-based process by saving more than 200,000 sheets of paper a year
  • Significant decrease of carbon footprint
  • Increased efficiencies for all stakeholders
  • In line with PwC Luxembourg’s position as digital leader

Today, PwC Luxembourg announces it will collaborate with LuxTrust, trusted digital identity solutions provider, to implement the electronic signature for audit reports. The e-signature solution will lead all stakeholders to greater efficiency. This is a next step in the digital (r)evolution and towards the reduction of our carbon footprint.

By integrating the signature platform developed by LuxTrust, PwC Luxembourg becomes a pioneer audit firm on the Luxembourgish market to use the electronic signature for audit opinions with a legal value equivalent to the handwritten signature.

The electronic signature is to be progressively rolled out to all audit clients. The objective – ultimately –is to completely avoid the issuance of paper annual reports in the full chain of distribution, from client to external stakeholders, including regulators when allowed.

The move to electronic signature is an important step in the direction towards building a robust and secure digital economy, in line with the strategy of the Luxembourg government. This will lead all stakeholders to greater efficiency by reducing the administrative burden of paper copies, such as printing, physical storage, sorting, transport and – importantly – help reduce carbon footprint.

Sébastien Sadzot, Partner, PwC Luxembourg, says:  “At PwC Luxembourg, we strive to offer the best digital experience to our clients. We are proud to propose a solution of electronic signature which not only increases efficiency for all stakeholders, but will also contribute to reducing carbon footprint.”

What is a digital signature?

A digital signature is an electronic signature that is compliant to EU Regulation No 910/2014 (eIDAS Regulation) for electronic transactions within the internal European market. It enables the verification of the authorship of a declaration in electronic data exchange over long periods of time.

Notes to editors

About PwC

1. PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with 3,019 people employed from 75 different countries. PwC Luxembourg provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice. The firm provides advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. The firm helps its clients create the value they are looking for by contributing to the smooth operation of the capital markets and providing advice through an industry-focused approach.

2. The PwC global network is the largest provider of professional services in the audit, tax and management consultancy sectors. We are a network of independent firms based in 158 countries and employing over 250,000 people. Talk to us about your concerns and find out more by visiting us at www.pwc.com and www.pwc.lu.

Contact us

Youcef Damardji

Communications & Media Relations, PwC Luxembourg

Tel: +352 49 48 48 5821

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