Our unique ESEF solution allows you to upload your financial statements using any file format you prefer. Our system then quickly processes your file, handling the complexities of XBRL mapping and tagging without error.
Even better? Being a true end-to-end solution, this is done with no impact to your workflow. Once the initial XBRL setup is complete, you need only to review online, download, and file.
…the quality of your XBRL data will determine whether your financials are understood, your company is well-represented, and your business controls the story it wants to tell the world.
The mandate applies to all issuers within the EU. All financial statements for annual periods beginning on or after January 1, 2020 are affected. There is no phase-in by company size or sector.
The mandate began with the European parliament's goal to create a ''single digital market” that is machine-readable and more easily discoverable, bringing EU capital markets into the digital information age. In turn, this goal led to the 2013 EU Transparency Directive changes. ESMA then had the task of defining a single digital financial reporting format. The European single electronic format is the result.
Annual financial reports (AFRs) in xHTML format and iXBRL-tagged IFRS consolidated statements are due four months after year-end. We'll begin seeing the first ESEF filings in early 2021.
Engage an expert. iXBRL bridges the gap between humans and machines. So, XBRL expertise requires understanding both languages. But experts must also know how to apply the right tags and how to format reports correctly. All this ensures critical financial data is both compliant and accurate.
Based in London, our XBRL trained and certified team is consulting with issuers all over the EEA. Like you, we know how much damage even a small error can have on your company’s reputation. That’s why our own reputation makes all the difference.
In addition to 50+ years of industry experience, we provide:
Our relevant experience is unmatched. Market knowledge we provide to our clients is informed by solutions that have been tested and proven accurate.
As thought-leaders, we are known for crafting intuitive, flexible solutions. We design these solutions to work with your existing systems and adapt to your workflow (not the other way around).
No one makes it easier to do the tough stuff better. We bring a positive, determined attitude and peerless professionalism to our clients' challenges to get the work done.
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Don’t wait to act. Contact our European team directly to begin your conversation. This first conversation is critical. It allows us to discuss a flexible solution strategy that will fit within your current processes and workflow.
All in a cost and time-efficient manner.