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Snapshot of IAASA’s financial reporting enforcement activities in 2019

IAASA has today published summary information of its financial reporting enforcement activities undertaken during 2019. The Snapshot document may be accessed here .


The primary role of IAASA’s accounting enforcement activity is to examine the financial reports of those 95 listed entities within its remit for compliance with accounting standards.


In 2019, IAASA: 


·      examined  40 annual and half-yearly financial statements; and 


·      raised 186 separate matters with those companies.


As a result, 21 companies have provided 89 undertakings to improve their financial reporting in future years.


One company filed a re-stated half yearly report in 2019.


The outcome of 10 financial reporting decisions reached in 2019 were published by IAASA in the year.