ESMA publishes report on the activities of corporate reporting enforcers and their findings within the EU in 2023

The report provides an overview of the ac­tiv­i­ties of the European Se­cu­ri­ties and Markets Authority (ESMA) and the corporate reporting enforcers in the European Union (EU) when examining com­pli­ance of financial and non-fi­nan­cial in­for­ma­tion provided by issuers listed on regulated markets with the ap­plic­a­ble financial reporting framework in 2023.

European enforcers examined the financial state­ments of 703 issuers rep­re­sent­ing an average ex­am­i­na­tion rate of 17% of all IFRS issuers with se­cu­ri­ties listed on regulated markets. These ex­am­i­na­tions resulted in 250 actions taken to address material de­par­tures from IFRS. As in the past, most in­fringe­ments were iden­ti­fied in the areas of accounting for financial in­stru­ments, im­pair­ment of non-fi­nan­cial assets, pre­sen­ta­tion of financial state­ments and revenue recog­ni­tion.

Enforcers also assessed the non-fi­nan­cial in­for­ma­tion for 389 issuers

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