Pursuant to the Supervision of Public-Interest Entities (Audit) Act (2016:429), FI is responsible for conducting certain audit supervision activities. FI has conducted an investigation into this supervisory area in 2017. This report provides an overview of the investigation’s results and describes FI’s view on how the regulations can be applied.
Trig Social Media AB has, in an interim report, on a number of points neglected the provisions regarding periodic financial information. Finansinspektionen has therefore decided to issue the company with a caution for having breached the accounting rules.
As of 2005, all listed companies – financial and other – in the entire EU should apply the new international accounting standards (IAS/IFRS) to their consolidated financial statements. Even if the new standards were applied to a limited extent before 2005, they entail a large, practical readjustment for both companies and investors.