EU Auditors Told To Disclose Russia Risk In Financial Reports

By Dawood Fakhir (May 13, 2022, 3:04 PM BST) -- The European Union's securities regulator told publicly listed companies and their auditors Friday to disclose the direct and indirect effects the Russian invasion of Ukraine has had on their operations in their half-year financial reports to ensure protection for investors.

The European Securities and Markets Authority said the invasion constituted a significant event under EU regulations for companies with considerable exposure to Russia, Belarus and Ukraine. These companies and their auditors need to disclose more information than traditionally required in their public financial statements.

"ESMA recognizes the human cost of Russia's military aggression against Ukraine, and the significant challenges to business...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!