This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

ESMA publishes 23rd enforcement decisions report

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

16 Jul 2019

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 IFRS 10/IAS 7, IAS 7, IFRS 10/IFRS 12/IFRS 13/IAS 1, IFRS 9, IAS 40, IFRS 2, and IAS 34/IAS 36.

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 December 2016 to December 2018, include:

Standard Topic
IFRS 10 — Consolidated Financial Statements
IAS 7 — Statement of Cash Flows
Presentation of cash flows arising from changes in ownership interests in a subsidiary
IAS 7 — Statement of Cash Flows Presentation and disclosure of restricted cash balances
IAS 7 — Statement of Cash Flows Definition of cash and cash equivalents
IFRS 10 — Consolidated Financial Statements
IFRS 12 — Disclosure of Interests in Other Entities
IFRS 13Fair Value Measurement
IAS 1Presentation of Financial Statements
Disclosure of fair value measurement of investments by investment entity
IFRS 9 — Financial Instruments
Impact of forbearance on assessment of significant increase in credit risk
IAS 40 — Investment Property
Accounting treatment of leased-out property acquired with a view to redevelopment
IFRS 2 — Share-based Payment Vesting and non-vesting features of performance conditions in share-based payment plans
IAS 34Interim Financial Reporting
IAS 36 — Impairment of Assets
Indications of impairment of assets

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.