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ESMA publishes report on the activities of accounting enforcers and their findings within the EU in 2016

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

10 Apr 2017

The report provides an overview of the activities of the European Securities and Markets Authority (ESMA) and the accounting enforcers in the European Economic Area (EEA) when examining compliance of financial information provided by issuers listed on regulated markets with the applicable financial reporting framework in 2016.

European enforcers examined the interim and/or annual financial statements of more than 1,200 issuers representing an average examination rate of 21% of all IFRS issuers with securities listed on regulated markets (2015: 20%). These examinations resulted in 311 actions taken to address material departures from IFRS (2015: 273). As in 2015, the main deficiencies were identified in the areas of financial statements presentation, impairment of non-financial assets, and accounting for financial instruments.

Please click to access the full report on the ESMA website.

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