Improve M&A accounting, says ESMA

Kashflow logo
Nick Huber
Freelance journalist
Share this content

Companies need to improve how they account for mergers and acquisitions, the European Securities and Markets Authority (ESMA) said.

It checked the financial statements of 56 companies in the European Union to see if they comply with IFRS 3.

Although some businesses were complying with the standard, some disclosures about goodwill were "boiler plate" or insubstantial, the ESMA said.

When calculating assets and liabilities using the "fair value" criteria, the ESMA said some companies only referred to external valua...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.