A review by the European Union’s markets regulator found continued shortcomings in companies’ compliance with International Financial Reporting Standards (IFRS).
The European Securities and Markets Authority (ESMA) released a report detailing its own activities as well as other accounting enforcers within the European Economic Area. The other enforcers include bodies like Germany’s Federal Financial Supervisory Authority, France’s Financial Markets Authority, and the United Kingdom’s Financial Conduct Authority and Financial Reporting Council.
