Accounting and auditing

The EBA has a strong interest in promoting sound and high quality accounting and disclosure standards for the banking and financial industry, as well as transparent and comparable financial statements that strengthen market discipline. The EBA also advocates for sound audit practices that contribute to high quality corporate reporting and to useful and understandable auditor reporting. The developments in the area of international accounting and auditing standard setting are, therefore, closely monitored. When the international standard setters for accounting and auditing deal with an issue that is of relevance for financial institutions or banking supervisors, the EBA contributes to the process by submitting its views, mostly in the form of comment letters, on publicly consulted draft standards or by engaging in direct exchanges. The EBA's comment letters are published on our website to ensure adequate transparency of the process. While the EBA does not have responsibility for developing, interpreting or enforcing accounting or auditing standards, it can develop supervisory guidance to achieve greater consistency and convergence of practices.

Technical Standards, Guidelines & Recommendations

  • Guidelines on disclosure requirements on IFRS 9 transitional arrangements

    These guidelines aim to increase consistency and comparability of the information on own funds and capital and leverage ratios disclosed by institutions during the transition to the full implementation of the new accounting standard, and to ensure market discipline.

    Status: Under development

  • Guidelines on credit risk management practices and accounting for expected credit losses

    These draft Guidelines on credit institutions’ credit risk management practices and accounting for expected credit losses follow the publication of Guidance by the Basel Committee in December 2015 on the same matter. These Guidelines aim at ensuring sound credit risk management practices associated with the implementation and on-going application of the accounting for expected credit losses.

    Status: Final and translated into the EU official languages

  • Guidelines on communication between competent authorities and auditors

    Effective communication between the competent authorities and auditors should contribute to fostering financial stability and safety and soundness of the banking system by facilitating the task of supervision of credit institutions. These Guidelines include an underlying general framework that should underpin effective communication between the competent authorities and the auditors at all times and specify the main elements of effective communication.

    Status: Final and translated into the EU official languages

  • Guidelines on prudential filters for regulatory capital

    These guidelines put forward prudential filters for the case of institutions that apply IFRS for prudential purposes in order to avoid any unwanted impacts in regulatory own funds.

    Status: Final (awaiting translation into the EU official languages)

Opinions, Reports and other Publications




Other Publications


Comment Letters on Auditing