ESMA and European enforcers will focus in 2025 on the following topics:
1. International Financial Reporting Standards (IFRS) financial statements: liquidity considerations and accounting policies; judgements, and significant estimates.
2. Sustainability statements: materiality considerations in reporting under the European Sustainability Reporting Standards (ESRS); scope and structure of the sustainability statements; and disclosures related to Article 8 of the Taxonomy Regulation.
3. European Single Electronic Format (ESEF) digital reporting: common filing errors found in the Statement of Financial Position.
