The Product Head of one of the world’s leading disclosure management and compliance solutions providers, IRIS CARBON®, Anuradha Radhakrishnan was invited to speak at the recently concluded EUROFILING Conference 2019. The event took place from June 17th to 19th 2019 in Frankfurt, Germany at the European Central Bank. The conference was presided over by the chairs of the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA). The Eurofiling Conference is held to discuss regulation, technology, and data collection as conducted today and to chart its future and was attended by regulators from several countries, members from the XBRL community, audit firms, and technology, and software solution providers.
“It was a privilege to speak on behalf of IRIS CARBON® at the Eurofiling Conference on the ESMA’s upcoming mandate ESEF, which is applicable to companies and audit firms, and provide insights on how to gear up for this mandate. I am grateful for this opportunity provided by the Eurofiling conference organizing committee,” – Anuradha.
“We have always stressed the need for companies to choose an appropriate strategy as well as plan their calendars well ahead of the mandate,” Anuradha added. “Some firms are already working with solutions and service providers on creating the iXBRL format of their AFRs from this year itself, so that they get a hands-on exposure on what is required to comply with this mandate, and get sufficient time to streamline their processes to meet the mandate well in time”. According to her, this approach would help companies seamlessly comply with the ESEF Compliance Reporting which comes into effect on 1st Jan 2020.