ESMA announces enforcement priorities for 2012 financial statements
12 Nov 2012
The European Securities and Markets Authority (ESMA) has announced the priority issues that the assessment of listed companies' 2012 financial statements will focus on.
ESMA considers the following financial reporting topics to be of particular importance for European listed companies in light of the current economic situation:
- financial assets;
- impairment of non-financial assets;
- defined benefit obligations; and
- provisions, contingent liabilities, and contingent assets.
ESMA will collect data on how European listed entities have applied the IFRS requirements in relation to these topics and will publish the results.
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