The Authority’s Head of Financial Reporting Supervision is Chair of the ESMA sub-group on materiality which produced the consultation paper.
ESMA has now published a Summary of Responses to its consultation paper. The Summary provides an overview of the key messages from the responses received to the questions in the consultation paper. The views expressed offered valuable insights relevant not only to accounting enforcers, but also to accounting standard-setters, regulators and other stakeholders.
Given the range of views expressed, and in order to further clarify views on the issues, ESMA has decided to organise a public roundtable on materiality in financial reporting where some of the issues raised in the consultation paper will be discussed.