{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2024-12-18","gaps":[],"covered":["ESMA Q&A 2382 — Q&A — Applicable accounting standard for calculation [Question Rejected] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover","url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover","title":"ESMA Q&A 2382 — Q&A — Applicable accounting standard for calculation [Question Rejected]","family":"l3","work_id":"spaces/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover","status":"question rejected","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 18 December 2024","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2382","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"30250e9a4efb48ff","change_date":null,"nearest_versions":["2024-12-18"],"first_text_date":null,"correction_applies":false,"versions":["2024-12-18"],"version_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover/versions/2024-12-18","revision_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover/versions/2024-12-18/rev/30250e9a4efb48ff","versions_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover/versions","relations_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover/relations","source_line":"Question published in the ESMA Q&A tool · no answer · not legislation [Question Rejected]","attribution":{"prepared_by":"not stated in the document","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"question_submitted_on":"2024-12-18","locators":{"question_submitted_on":"ESMA Q&A Excel export ESMA_QA_2382, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2382","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/dora/level-3/q-and-a/esma/esma-qa-2382-applicable-accounting-standard-for-calculation-of-turnover.md","body_sha256":"9233c4715735363ce50eb4ab9d938a72b4f2e6dfce86fe69a0d9dda2f9147d0d"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 2382 — Q&A — Applicable accounting standard for calculation [Question Rejected]\"\nshortTitle: \"ESMA Q&A 2382 — Q&A — Applicable accounting standard for calculation [Question Rejected]\"\nanswer_id: ESMA_QA_2382\ntopic: \"Digital operational resilience testing\"\nstatus: \"Question Rejected\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: withdrawn\nregulation: \"DORA\"\ndora_level3: true\nmica_level2: false\nlegal_basis: \"DORA\"\ndate: 18 December 2024\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/2382\nlifecycle: \"Question Rejected\"\ntext_version: \"ESMA Q&A register, 18 December 2024\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/2382\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"not stated in the document\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA_QA_2382\"\n    locator: \"ESMA Q&A entry ESMA_QA_2382: no answer; no author named\"\ndocument_type: \"qa_question\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  question_submitted_on: \"2024-12-18\"\n  locators:\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_2382, column 'Date of submission'\"\nlifecycle_label: \"Question Rejected\"\n---\n\n**Question published in the ESMA Q&A tool · no answer · not legislation [Question Rejected]**\n\n*Question Rejected · ESMA Q&A register, 18 December 2024 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/2382)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 2382 — Q&A — Applicable accounting standard for calculation \\[Question Rejected\\] |\n| **Prepared by** | Not stated in the document |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_2382 |\n| **Document type** | Q&A |\n| **Legal nature** | No answer · not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Question submitted 18 December 2024 |\n| **Legal basis** | DORA |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Applicable accounting standard for calculation of turnover**\n\n### Question\n\nOur understanding is that a business can rely on the exemption under either Article 3(60) micro enterprise, (63) small enterprise or (64) medium-sized enterprise categories under DORA. We have however not been able to find clear information on which accounting standard that should be used when calculating annual turnover under DORA. In addition, our analysis has not shown that the Commission Recommendation 2003/361/EC on small and medium-sized enterprises provides any guidance on the question of which accounting standard can be used.\n\nIn a recent informal call with the Swedish FSA, we were informed that, when calculating the turnover of an entity to determine whether it falls under the SME exemption under DORA, the entity should use the same accounting standards that were used to draw up the relevant audited accounts. Thus, if IFRS is applied by the national entities, the relevant entity shall use the same basis (IFRS) to calculate the relevant national turnover. Is this also ESMA's view?\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/2382)\n"}