The AFM has published a report of its findings with regard to its supervision of financial reporting in 2010.
The report shows that, compared to 2009:
- the AFM completed 10% more reviews of financial reporting in listed companies
- made fewer requests for additional information
- issued fewer “notifications” of shortcomings in financial reporting
- made more recommendations
The AFM also reports that in 2010 it operated less formally on a number of points and sought contact with undertakings more quickly and directly.