The European Securities and Markets Authority (ESMA) this week released its enforcement priorities for financial statements for the current year.
EMSA’s European Common Enforcement Priorities of 2013 are designed to promote consistent application of the International Financial Reporting Standards (IFRS). The priorities are used by national regulators in the European Economic Area (EEA) during their assessments of the financial statements of listed companies. Listed companies and their auditors are instructed to use the priorities as they prepare or audit IFRS statements for the year ending 31 December 2013.
