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FRC reviews first mandatory ESEF year The FRC Lab, part of the UK’s Financial Reporting Council (FRC), has released a valuable analysis drawing out lessons learnt from the first year of mandatory digital reporting using the Inline XBRL-based [su_tooltip title=”What
XBRL’s filings repository at filings.xbrl.org continues to expand, and now contains over 4,000 European Single Electronic Format (ESEF) reports. In particular, they have recently been able to add filings from two new countries: Cyprus and Romania. Each report can be
Italy introduces ESEF audit requirement The Inline XBRL-based European Single Electronic Format (ESEF) is now required for financial reporting across the EU. Italy has published a new audit standard, setting out responsibilities for auditors of ESEF reports. The standard requires that
Mandatory structured reporting for the UK: from 1 January 2022, certain companies will be required to submit their AFRs in iXBRL- based (ESEF). See how we can help you with ESEF Reporting Services.
UK FRC releases XBRL guide for structured reporting under UKSEF In case you missed it and of particular interest to vendors operating in the UK, in October the Financial Reporting Council (FRC) published its XBRL Tagging Guide for the UKSEF
ESEF, underpinned by Inline XBRL, has seen the market rapidly develop new, innovative and competitive tools for compliance to meet the needs of companies that seek to mix “Data+Design”.
ESEF Reporting in iXBRL format now needs to be done from January 2022. Find out how we can help you with iXBRL tagging services for ESEF Financial Statements.
ECB supports LEI and enhanced reporting A recent European Commission (EC) consultation on LEI & enhanced reporting – designed to inform the new EU digital finance strategy – has been considering amendments to the EU regulatory framework in response to
LEI embedded in ESEF boosts Trust When public companies across Europe begin filing annual financial reports in the digital, machine-readable ESEF format at the start of 2020, alongside introducing iXBRL tagging, they will also begin to embed their Legal Entity
European single electronic format for financial statements mandated The European Commission has issued rules requiring all listed companies across EU member states who report under IFRS to submit their annual financial statements digitally as iXBRL documents from 1 January 2020.