CESR Activity Report on IFRS enforcement 2009
23 Sep 2010
The Committee of European Securities Regulators (CESR) has published its first annual activity report on monitoring enforcement of International Financial Reporting Standards (IFRS) in Europe.
For the report, European enforcers performed full review of around 1200 companies' accounts (annual and interim), covering in the region of some 18% of listed entities in Europe. Some 900 accounts were subject to partial review, representing a coverage of 15% of the population of listed entities. The main themes selected by European enforcers were: impairment of assets, financial instruments disclosure, operating segments, going concern, and current/noncurrent classification of liabilities.
Click for CESR's press release (PDF 167k).