Simplification needed: our view on EU sustainability proposals
The European Securities and Markets Authority (ESMA) this week closed its consultation on critical updates set to expand the EU’s digital reporting regime.
Items tagged with "ESEF"
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EU parliament fast-tracks ‘stop the clock’ decision on CSRD and CSDD delays
On 1 April, the Parliament of the European Union (EU) voted to fast-track the ‘stop the clock’ proposal, a key move to postpone the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) for certain companies.
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ESMA consultation window closing soon for ESEF updates
The European Securities and Markets Authority (ESMA) is reminding stakeholders to submit their views by 31 March 2025 on proposed updates to digital reporting rules.
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The UK puts a new focus on digital reporting controls
The UK Financial Reporting Council (FRC) has introduced Provision 29 in its revised UK Corporate Governance Code, requiring listed companies to make an explicit declaration on the effectiveness of their risk management and internal control frameworks in their 2026 annual reports.
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ESMA 2024 taxonomy: apologies, we got it wrong!
Last week, we reported on the European Securities Markets Authority (ESMA)’s release of the 2024 taxonomy and conformance suite. We need to clarify the timeline for its entry into force and application. While the 2024 taxonomy is now available on the ESMA website, EU filers will need to hold off using it for a couple more weeks.
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ESMA consults on digitalising sustainability and financial disclosures
On 13 December, the European Securities and Markets Authority (ESMA) published a consultation outlining its proposals to extend the European Single Electronic Format (ESEF) to sustainability reporting.
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New ESEF Reporting Manual
Yesterday the European Securities Markets Authority (ESMA) published the 2024 edition of its ESEF reporting manual. The changes are relatively minor (not unexpected this year) but include guidance on anchoring and on dealing with empty or “dash” facts.
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Italian IFRS17 support materials available
The ABI-XBRL Italia working group has published ESEF-IFRS17 support materials. The aim is to assist listed financial institutions in aligning their consolidated financial statements with Regulation 815/2019 (ESEF) and the accounting principles in IFRS 17 on Insurance Contracts.
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Enhancing Comparability with Anchoring
This is a post by XBRL International’s Entity Specific Disclosure Task Force (ESDTF). Taxonomy authors expend considerable effort identifying common practice reporting (CPR) elements for inclusion in taxonomies such as the IFRS and US GAAP taxonomies. Filers frequently meet reporting requirements that are not explicitly defined in the accounting standards by creating extension elements. This […]
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Calculations 1.1: getting rid of the noise
XBRL Calculations can play an important role in ensuring the quality and accuracy of a financial report, and can flag up errors in both the XBRL tagging and the underlying numbers. Unfortunately, until now, calculation validation reports have been hampered by false positives — validation messages that don’t reflect real issues in the report. The […]
