ESMA publishes 27th enforcement decisions report
29 Mar 2023
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/IFRS 16/IAS 1, IFRS 8, IAS 38 (two decisions), IFRS 16, IFRS 15, IAS 36/IAS 1, IAS 1, IFRS 7, IFRS 9 (two decisions), and IAS 32/IFRS 9.
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 2020 to January 2023, include:
Standard | Topic |
---|---|
IFRS 10 — Consolidated Financial Statements IFRS 16 — Leases IAS 1 — Presentation of Financial Statements |
Sale and leaseback of an asset in a single-asset entity |
IFRS 8 — Operating Segments | Aggregation of several operating segments into one reporting segment |
IAS 38 — Intangible Assets | Recognition of an internally generated intangible asset in a pharmaceutical project |
IAS 38 — Intangible Assets | Exchange of non-monetary assets |
IFRS 16 — Leases | Lease payments disclosures |
IFRS 15 — Revenue from Contracts with Customers | Disaggregation of revenue |
IAS 36 — Impairment of Assets IAS 1 — Presentation of Financial Statements |
Climate risk disclosures in impairment tests |
IAS 1 — Presentation of Financial Statements | Climate risk disclosures in financial statements |
IFRS 7 — Financial Instruments: Disclosures | Credit risk disclosures for financial instruments |
IFRS 9 — Financial Instruments | Reclassification of financial assets |
IFRS 9 — Financial Instruments | Reclassification of financial assets (second issue) |
IAS 32 — Financial Instruments: Presentation IFRS 9 — Financial Instruments |
Classification of SPAC warrants |
Click for access to the full report (link to ESMA website).
Related Topics
- IFRS 8 — Operating Segments
- IAS 38 — Intangible Assets
- IFRS 15 — Revenue from Contracts with Customers
- IAS 36 — Impairment of Assets
- IFRS 7 — Financial Instruments: Disclosures
- IFRS 9 — Financial Instruments
- IAS 32 — Financial Instruments: Presentation
- IAS 1 — Presentation of Financial Statements
- IFRS 10 — Consolidated Financial Statements
- IFRS 16 — Leases