18th ESMA enforcement decisions report released
25 Nov 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 19, IAS 27, IAS 34, IAS 36, IFRS 5, IFRS 10, and IFRS 13.
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 2014 to May 2015, include:
| Standard | Topic |
|---|---|
|
IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations |
Presentation of licensed activities as discontinued operations |
|
IAS 34 — Interim Financial Reporting |
Disclosures in interim financial statements |
|
IAS 19 — Employee Benefits |
Disclosures on post-employment benefit plans |
|
IAS 34 — Interim Financial Reporting |
Going Concern disclosures |
|
IFRS 10 — Consolidated Financial Statements |
Control of an entity without holding any equity interest |
|
IFRS 10 — Consolidated Financial Statements |
De facto control |
|
IAS 36 — Impairment of Assets |
Impairment of goodwill |
|
IFRS 13 — Fair Value Measurement |
Fair value measurement for fixed-rate loans |
|
IAS 36 — Impairment of Assets |
Carrying amounts of a cash-generating unit to be tested for impairment |
|
IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations |
Presentation and disclosure of discontinued operations in separate financial statements |
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.
Related Topics
- IAS 1 — Presentation of Financial Statements
- IAS 19 — Employee Benefits (2011)
- IAS 27 — Separate Financial Statements (2011)
- IAS 34 — Interim Financial Reporting
- IAS 36 — Impairment of Assets
- IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations
- IFRS 10 — Consolidated Financial Statements
- IFRS 13 — Fair Value Measurement
