The Financial Conduct Authority (FCA) has recently released two key pieces of updated guidance on structured reporting for issuers in the UK using the Inline XBRL-based European Single Electronic Format (ESEF).
The EU has turned the page on a new chapter in corporate reporting, with the announcement of legislation to create the European Single Access Point (ESAP), providing a free single point of access to digital information on EU listed companies and investment products.
The Committee of European Auditing Oversight Bodies (CEAOB) has published revised guidelines on auditors’ involvement on financial statements in European Single Electronic Format (ESEF).
Did you catch the 29th XBRL Europe Digital Week? Held on 22–24 November, it focussed on the European Single Electronic Format (ESEF).
For anyone who missed it this week, the second Accountancy Europe webinar on ESEF in Practice is now online to watch in full. It was held in partnership with AMANA on 15 November, with expert speakers drawn from across the Big Four.
“Digital data is a key component of a well-functioning capital market,” say the UK’s Financial Reporting Council (FRC) and Financial Conduct Authority (FCA).
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 Taxonomy Version 1.0.
What are you doing on 22–24 November? If you are interested in reporting in Europe, or Inline XBRL implementation, you may wish to add the 29th XBRL Europe Digital Week – focusing on the European Single Electronic Format (ESEF) – to your diary.
The European Securities and Markets Authority (ESMA) has released its annual Public Statement on European Common Enforcement Priorities. This sets out priority issues that ESMA, together with national enforcers, will pay particular attention to in assessing listed companies’ annual reports for 2021.
Inline XBRL allows report issuers to combine the advantages of digital tagging with a high level of visual design, but these design elements have also caused performance issues in early ESEF reports. Some simple initial solutions are now available.