Introduction to the ESMA ESEF iXBRL Mandate 2020
With an aim to move to digital financial reporting, the European Securities and Market Authority (ESMA) has announced that all public issuers in the Europe Union need to file their Annual Financial Reports (AFR) in a digital format named Inline XBRL (iXBRL) as per the European Single Electronic Format (ESEF) directive. These filings will replace the PDF submissions to the national regulator altogether.
The ESMA mandate will apply for consolidated financial statements for financial year beginning on or after 1 January 2020. Companies following IFRS reporting standards have a tagging obligation and are required to map their AFR with the ESEF taxonomy released by ESMA. The rest of the issuers following country specific GAAP need to submit an XHTML file instead of a PDF file. ESMA ESEF iXBRL Mandate ESMA ESEF iXBRL Mandate
IRIS CARBON® is fully ESEF ready. It is a one stop solution for ESMA ESEF reporting.
We provide a range of options for ESEF Filings as per ESMA mandate.
Latest updates from the world of compliance and ESEF reporting
Why we are giving away our software for free to help European companies
Why we are giving away our software for free to help European companies On July 15, my firm IRIS will launch our “India Cares” initiative to give…
The dry run: How to plan your ESEF iXBRL process
The dry run: How to plan your ESEF iXBRL process Every company’s annual report has a story behind it. An accountant might regale how he noticed an…
An auditor’s guide to XBRL tagging
An auditor’s guide to XBRL tagging As financial reports are going digital, thanks to the ESMA-ESEF mandate, the process of auditing is also…
SUBSCRIBE TO OUR BLOGS TO KNOW HOW YOU CAN BEST MEET THE ESMA ESEF iXBRL Mandate.
ESEF ixbrl Mandate
ESEF ixbrl Mandate
ESEF ixbrl Mandate
