CESR publishes summaries of IFRS enforcement decisions

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20 May 2008

The Committee of European Securities Regulators (CESR) has published its third batch of extracts from its confidential database of enforcement decisions taken by EU national enforcers of financial information.

From time to time, CESR publishes extracts of selected decisions as a source of information to foster appropriate and consistent application of IFRSs in the EU.

Topics covered in batch #3 of CESR's extracts:

  • Consolidation of subsidiary
  • Step acquisition
  • Consolidation of special purpose entities
  • Application of the pooling of interest method in a business combination under common control
  • Identification of the acquirer in a business combination
  • Partial reimbursement and modifications of the term of the contract of a borrowing
  • Impairment of an investment
  • Disclosure of the effect of discontinued operations
  • Definition of key management personnel
  • Internally generated intangible assets
  • Allocation of the costs of an acquisition
  • Scope of IAS 11
  • Barter transaction
  • Half-yearly financial statements
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