ESMA Releases Common Enforcement Priorities for 2019 Annual Financial Reports
24 October 2019
ESMA has released its annual public statement defining European common enforcement priorities for 2019 annual financial reports of listed companies. These priorities include:
- Implementation of IFRS 16;
- Follow-up on specific issues related to the application of IFRS 9 for credit institutions and IFRS 15 for corporate issuers; and
- Specific issues related to the application of IAS 12 and IFRIC 23.
The document also highlights the specific requirements relating to the disclosure of non-financial information such as environmental and climate change-related matters, key-performance indicators, the use of disclosure frameworks and supply chains and specific aspects related to the application of the ESMA Guidelines on Alternative Performance Measures (APMs).
The full document can be accessed here.