IRE was established by Law in 1984 and is a mandatory membership organization for auditors and audit firms. IRE attributions are: (i) to defend the rights and interests of the profession; (ii) to issue standards for the fields of activity other than statutory audits; (iii) to ensure respect for professional standards and duties, except for those applicable to statutory audits; (iv) to ensure respect by its members of their professional obligations arising from the legislation relating to the fight against money laundering and terrorist financing; (v) to forestall and conciliate any disputes, other than those related to statutory audits, between its members, on the one hand, and between its members and third parties, on the other hand; (vi) to perform certain duties entrusted to it by the Commission de Surveillance du Secteur Financier (CSSF); (vii) to make any proposals in the interest of the profession to the CSSF; (viii) to exercise disciplinary authority by its Disciplinary Board; and (ix) to publish the list of statutory auditors and audit firms. Apart from IFAC, IRE is also a member of Accountancy Europe. IRE actively participates in the work of the CNC, CSSF, CAA and various other authorities and local professional associations.