ESMA publishes 23rd enforcement decisions report
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 13 — Fair Value Measurement IAS 1 — Presentation 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 34 — Interim 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.
Related Topics
- IAS 1 — Presentation of Financial Statements
- IAS 7 — Statement of Cash Flows
- IAS 34 — Interim Financial Reporting
- IAS 36 — Impairment of Assets
- IAS 40 — Investment Property
- IFRS 2 — Share-based Payment
- IFRS 9 — Financial Instruments
- IFRS 10 — Consolidated Financial Statements
- IFRS 12 — Disclosure of Interests in Other Entities
- IFRS 13 — Fair Value Measurement