Touted as one of the big innovations set to shakeup the coming decades, artificial intelligence (AI) and machine learning (ML) are playing an increasingly central role in financial reporting and analysis. With the age of big data meaning the volume of data sets is growing ever larger, it helps to have a computer aid with the analysis.
This year was set to see the final preparations for the ESEF mandate to launch across all EU member states, and the early months of 2020 started bright with ESMA publishing the ESEF conformance suit, an active market of low-cost ESEF tools developing, and GLEIF giving us a glimpse into the future of digital trust with a sample ESEF report which […]
The EU’s ESEF mandate includes a requirement for the assurance of ESEF-compliant disclosures – but how that will work in practice is dependent on the interpretation of local jurisdictions.
The European Securities and Markets Authority (ESMA) this week published the 2020 ESEF XBRL taxonomy files and updated the ESEF Conformance Suite in order to facilitate the implementation of the upcoming ESEF regulation.
The introduction of the new European Single Electronic Format (ESEF) includes a set of requirements around assurance of digital disclosures – but how will “ESEF audit” actually work?
With unusual extra pressures stemming from the Covid-19 crisis, the UK’s Financial Conduct Authority has announced a one-year delay to the introduction of mandatory ESEF requirements in the UK.
Following the European Commission’s decision that the XBRL mark-up within ESEF documents must be subject to audit, Germany’s Institute der Wirtschaftsprüfer (IDW), or Institute of Public Auditors, has published draft audit standards for ESEF.
As many jurisdictions and firms across Europe gear up to implement the European Single Electronic Format (ESEF), Accountancy Europe has brought key stakeholders together for a two-hour long webinar discussing preparations and implications.
Ann Tarca, who has been on the International Accounting Standards Board since 2017, provided some insights into the Foundation’s work and future plans around the IFRS Taxonomy during a recent interview with Toppan Merrill’s Dimensions.