Last week on 19/11/2020 the ECON Committee of the European Parliament voted to amend the regulations around ESEF. In essence, countries may be able to offer companies listed on their stock exchange an option to delay the implementation of ESEF by one year ie. Mandatory...
Following the UK’s FCA consultation in August 2020, the regulator has now announced an optional 1 year delay for all companies having securities listed on the regulated part of the London Stock Exchange (LSE). This means that companies now have the choice to either (i)...
Yesterday, a lively series of ESEF presentations took place at a virtual meeting arranged by the Brussels based body, Accountancy Europe (https://www.accountancyeurope.eu/about-us/). The main focus of the meeting was to discuss the audit & compliance around the new ESEF mandate. However the main breaking news...
Many companies are considering doing a practice run (or ‘dry run’) ESEF tagging their 2019 Annual Financial Report (AFR). Although this is not mandatory it allows them to agree the ESEF iXBRL tags they are going to use with their auditors & other interested parties...
Many ESEF solutions claim to use Artificial Intelligence (AI). However, there is a big difference between 'true AI' and a description used by marketing departments to try and jump on the 'AI bandwagon' since it's the latest buzzword in the world of software. ...
Accountancy Europe has set a new date of Monday 12th October 2020 for their event to discuss the opportunities & challenges of implementing ESEF (European Single Electronic Format). The event will now take place virtually from 1-3pm (CET). The event was previously going to take...
The FCA, the regulator responsible for ESEF in the UK, has now closed the consultation period on whether the new ESEF directive should be postponed by 12 months for UK listed firms. Interested parties were given from July 22nd until August 28th, 2020 to comment...
ESMA, the European Union body overseeing the implementation of ESEF, published last month an updated Reporting Manual on the European Single Electronic Format (ESEF). The updated manual expands existing guidance and reflects relevant developments in the technical specifications. Further information as well as a copy...
The FCA, the regulator responsible for ESEF in the UK, has started a consultation on whether the implementation of this new EU directive should be postponed by one year ie. Non-AIM Companies listed on the London Stock Exchange would have to file their Annual Financial...
Following the XBRL Europe virtual meeting in June, Alui had lots of people registering for their July ESEF Education webinars. Two webinars took place in July which were titled: ’10 Key questions to ask your ESEF Vendor’ & ‘5 steps to prepare for ESEF'. If...
