Accounting enforcement authorities from the European Economic Area (EEA), including Ireland represented by IAASA, participated in the event, as did representatives from 10 non-EEA countries’ accounting enforcers (Brazil, China, Egypt, India, Japan, Mexico, South Africa, Turkey, Switzerland and the USA).
Following the adoption of IFRS as mandatory for EU listed companies, CESR established a forum in which EEA accounting enforcement authorities can meet and discuss IFRS related issues on a regular basis – the European Enforcer Co-ordination Sessions (EECS). Whilst EECS meetings are conducted on a confidential basis, CESR has received many approaches from non-EEA countries, some of whom are in the process of accepting or adopting IFRS, interested in sharing experiences with their European counterparts. In response to such approaches, CESR organised this event, which examined, amongst other matters, the challenges supervisors face in enforcing IFRS globally.