WSBI ESBG

Auditing, Accounting and Reporting

ESBG members support the aim to curb short-term speculation and to encourage the prohibition of undesirable market behaviour

The ESBG advocates for the promotion of high-quality accounting and disclosure standards for the banking industry, thus aiming for standardised reporting requirements.

The ESBG advocates for the promotion of high-quality accounting and disclosure standards for the banking industry, thus aiming for standardised reporting requirements. Our advocacy measures focus on alleviating the reporting burden for banking and financial institutions as well as on increasing data quality, comparability and reliability. Additionally, we advocate for sound audit practices that contribute to high quality corporate reporting and to useful and understandable auditor reporting.
As data requirements to banks have increased exponentially in recent years, both from European and national authorities, we believe that the reporting requirements need to be carefully scrutinised, together with supervisory and regulatory authorities, in order to ensure that they are as clear and as efficient as possible.

We thus follow developments of rules and legislation both in the EU institutions (EU COM, EBA, ECB, EFRAG) and international standard setters (IASB) on issues related to accounting, auditing and reporting that are relevant for banking and financial institutions.

We hereby contribute the decision-making process by submitting our views, in the form of position papers to publicly consulted draft standards or by engaging in direct discussions with the regulators.

Our latest content on Auditing, Accounting and Reporting

ESBG advocates for further clarity in IFRS 9 Impairment requirements

On 29 September, ESBG submitted its response to the International Accounting Standards Board’s (IASB) Request for Information on

ESBG advocates for further clarity and consistency in IFRS 9 Impairment requirements

Financial Reporting | On 13 September, ESBG responded to the European Financial Reporting Advisory

ESBG’s response to the Commission’s consultation on withholding tax procedures

Position Paper | Auditing, Accounting And Reporting

ESBG submits its response to the IASB consultation on Amendments to the Classification and Measurement of Financial Instruments

On 19 July, ESBG submitted its response to the IASB’s consultation on its Exposure Draft (ED) on Amendments to the Classification and Measurement of Financial Instruments

ESBG submits its response to the European Commission consultation on the draft Delegated Act concerning EFRAG’s Set 1 ESRS

On 7 July, ESBG submitted its response to the consultation launched by the European Commission on the draft Delegated Act for the first set..

ESBG submits its response to the consultation launched by EFRAG on its Draft Comment Letter

On 29 June, ESBG submitted its response to the consultation launched by EFRAG on its Draft Comment Letter (DCL)