How can companies begin to prepare for the new ESMA ESEF reporting requirements?Sarah Whitworth
You may have heard about the ESMA ESEF regulatory requirement. The first statements that will need to be produced using ESEF are those for financial years starting on or after 1st January 2020.
The European Single Electronic Format (ESEF) requires annual reports to be produced in a web-native XHTML format, rather than a downloadable document like a PDF. Companies that file annual reports using International Financial Reporting Standards (IFRS) are also required to tag consolidated financial statements with eXtensible Business Reporting Language (XBRL); a machine-readable format that makes financial statements easy to compare with those of other companies.
As proud partners of Certent Disclosure Management we can offer the experience, expertise and support to ensure your compliance with ESMA’s ESEF mandate.
Certent reduces the risk, costs, and the troubling data inaccuracies that often plague manual reporting processes. HAYNE Solutions offers the expertise you need to be compliant including deep experience implementing XBRL and Inline XBRL requirements.
With Certent, your company can transform financial report production to ensure data accuracy – making the processes more efficient and effective. That’s why more than 2,400 companies globally rely on Certent.
Why not do one of the following:
- Contact us for an informal chat
- Download the Whitepaper on CDM for ESEF Compliance
- Request a Certent DEMO