ESEF Factsheet Published
Speaking of ESEF, Accountancy Europe have published a useful factsheet and infographic guide to the new reporting requirement.
Inline XBRL based ESEF will make reports machine-readable, facilitating access, analysis and comparability of financial statements. The European Commission hopes ESEF will make both reporting and investing easier.
The factsheet provides an overview of ESEF’s requirements, including how ESEF works and why it is being introduced. It also gives practical tips for report preparers and discusses the implications for auditors. The factsheet also contains some useful further links.
A useful resource for anyone looking for an introductory guide to the upcoming changes in Europe – access both the factsheet and infographic here.
