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EDs/Consultation papers – India and International

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ESMA, the European Union’s financial markets regulator, has released its annual ECEP Statement for 2024 corporate reporting.

Issuers, auditors, and supervisory bodies should consider the topics and recommendations in this document when preparing, auditing, and supervising the 2024 annual financial reports, taking into account materiality and relevance.

In 2025, ESMA and European enforcers would focus on:

  • IFRS financial statements: Liquidity considerations, accounting policies, judgments, and significant estimates.
  • Sustainability statements: Materiality in reporting under the European Sustainability Reporting Standards (ESRS), the scope and structure of sustainability statements, and disclosures related to Article 8 of the Taxonomy Regulation.
  • European single electronic format (ESEF) digital reporting: Common filing errors in the Statement of Financial Position.

To access the report please click here

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