Seitsmes väljavõte finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist
Kuues väljavõte emitentide finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist
MIFID'i hinnang aktsiaturgude toimimisele:
Viies väljavõte emitentide finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist
Finantsinstrumentide klassifitseerimine ja muud seotud teemad:
CESRi, CEBSi ja CEIOPSi avaldus seoses viimaste arengutega raamatupidamises:
Õiglasesse väärtusesse hindamine ja sellega seonduva avalikustamine mittelikviidsetel turgudel noteeritud finantsinstrumentide kohta:
Neljas väljavõte emitentide finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist:
Kolmas väljavõte emitentide finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist:
Teine väljavõte emitentide finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist:
Esimene väljavõte emitentide finantsaruandlust puudutavatest järelevalvelistest kaasustest EECS andmebaasist:
CESR publishes key information from its database of enforcement decisions taken by EU National Enforcers of financial information (IFRS)
As a further contribution to the promotion of market confidence and supervisory convergence in the European Union, CESR is publishing extracts from its database of enforcement decisions taken by EU National Enforcers participating in European Enforcers Co-Ordination Sessions (EECS).
EU National Enforcers of financial information monitor and review financial statements and consider whether they comply with IFRS and other applicable reporting requirements, including relevant national law. Operating under CESR-Fin, EECS is a forum in which all EU National Enforcers of financial information, whether CESR members or not, meet to exchange views and discuss experiences of enforcement. A key function of EECS is the analysis and discussion of decisions taken by independent EU National Enforcers in respect of financial statements published by issuers with securities traded on a regulated market and who prepare their financial statements in accordance with IFRS.
According to CESR Standard No 1, some EU National Enforcers may provide an opinion on a particular accounting issue before an issuer?s financial statements have been finalized and published. These decisions are made on the basis of information and assumptions supplied by the issuer to provide the context for the question and which may not be challenged by the Enforcer. These decisions are identified as pre-clearance decisions. EECS is not a decision-making forum. It neither approves nor rejects decisions taken by EU National Enforcers who apply their judgement, knowledge and experience to the particular circumstances of the cases that they consider. Relevant factors may include other areas of national law beyond the accounting requirements. Readers should therefore consider carefully the individual circumstances when reading the cases. As IFRS are principles based, there can be no one particular way of dealing with numerous situations which may seem similar but in substance are different. Consistent application of IFRS means consistent with the principles and treatments permitted by the standards. Decisions taken by Enforcers do not provide generally applicable interpretations of IFRS, which remains the role of the International Financial Reporting Interpretations Committee (IFRIC).
As proposed in CESR Standard No 2 on Financial Information, ?Co-Ordination of Enforcement Activities?, CESR has developed a confidential database of enforcement decisions taken by individual EECS members as a source of information to foster appropriate application of IFRS. In response to public comment to the Standard, CESR committed to publish extracts of the database to provide issuers and users of financial statements with similar assistance. Publication of enforcement decisions will inform market participants about which accounting treatments EU National Enforcers may consider as complying with IFRS; that is, whether the treatments are considered as being within the accepted range of those permitted by the standards or IFRIC interpretations. Such publication, together with the rationale behind these decisions, will contribute to a consistent application of IFRS in the European Union. Decisions that deal with simple or obvious accounting matters, or oversight of IFRS requirements, will not normally be published, even if they were material breaches leading to sanctions. Published decisions will generally include a description of the accounting treatment or presentation at issue, the decision taken by the National Enforcer and a summary of the Enforcer?s underlying rationale.
In response to concerns about confidentiality and privacy laws, and which vary between EU jurisdictions, extracts will not usually include the name of the issuer or the enforcer or any other details that would enable the issuer or its jurisdiction to be identified.
CESR anticipates publishing further extracts from the database on a regular basis.