European enforcers examined the financial statements of about 1,100 issuers representing an average examination rate of 19% of all IFRS issuers with securities listed on regulated markets (2016: 21%). These examinations resulted in 328 actions taken to address material departures from IFRS (2016: 311). As in 2015 and 2016, the main deficiencies were identified in the areas of financial statements presentation, impairment of non-financial assets, and accounting for financial instruments.
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