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17th ESMA enforcement decisions report released

  • ESMA (European Securities and Markets Authority) (dark gray) Image
  • European Union Image

22 Jul 2015

The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IAS 1, IAS 11, IAS 27, IAS 28, IAS 36, IAS 39, IFRS 3, IFRS 6, IFRS 10, IFRS 13, and IFRIC 19.

The European national enforcers of financial information monitor and review financial statements published by issuers with securities traded on a regulated European market and who prepare their financial statements in accordance with International Financial Reporting Standards (IFRS) and consider whether they comply with IFRS and other applicable reporting requirements, including relevant national law.

ESMA has developed a confidential database of enforcement decisions taken by individual European enforcers as a source of information to foster appropriate application of IFRS.

The publication of enforcement decisions is designed to inform market participants about which accounting treatments European national enforcers may consider as complying with IFRS, i.e. whether the treatments are considered as being within the accepted range of those permitted by IFRS. ESMA considers the publication of the decisions, together with the rationale behind them, will contribute to a consistent application of IFRS in the European Union.

Topics covered in the latest batch of extracts, covering the period from February 2012 to November 2014, include:



IAS 27 Separate Financial Statements
IAS 39Financial Instruments: Recognition and Measurement
IFRS 10Consolidated Financial Statements
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

Extinguishment of debt

IAS 39 Financial Instruments: Recognition and Measurement

Impairment charge for a decline in the fair value of available for sale financial assets

IFRS 13 Fair Value Measurement

Measurement of financial instruments at fair value

IFRS 3Business Combinations
IFRS 13Fair Value Measurement

Fair value measurement in business combination

IAS 1Presentation of Financial Statements
IAS 28Investments in Associates and Joint Ventures

Presentation of financial statements

IAS 11 — Construction Contracts

Accounting for claims in construction contracts

IAS 36Impairment of Assets
Exploration for and Evaluation of Mineral Resources 

Impairment testing

Click for access to the full report (link to ESMA website). The ESMA has also published an updated overview of all enforcement decisions ever published.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.