XBRL Europe announced the election this week of Thomas Verdin as the new Chair of the organisation and we offer our hearty congratulations. With two decades of dedicated service to the XBRL community, Verdin brings a wealth of experience and a fresh perspective to his new role.
This week the European Supervisory Authorities (ESAs) held a technical discussion on the upcoming Digital Operational Resilience Act (DORA). DORA aims to harmonise digital operational resilience requirements across the EU, and will enter into force on 16 January 2023, applicable from 17 January 2025.
For all those beginning to use block tagging under the European Single Electronic Format (ESEF) mandate this year, ToppanMerrill have released a webinar, guiding viewers through the requirements. Block tagging is currently the final phased-in requirement for ESEF submissions and applies to all European and UK public issuers with consolidated IFRS Financial Statements.
After the European Parliament gave the final stamp of approval to the Corporate Sustainability Reporting Directive (CSRD) on 10 November, last week the Directive was published in the Official Journal of the EU. The CSRD takes effect in May 2023 and will begin to impact disclosures from January 2024.
Following recent news that the Corporate Sustainability Reporting Directive (CSRD) was voted into EU law by the European Parliament, this week the Council of the European Union has given the directive the final green light.
The European Central Bank (ECB) has released its supervisory banking statistics for the second quarter of 2022.
Toppan Merrill’s Bartek Czajka has brought together some great insights on the keys to success in European Single Electronic Format (ESEF) filings, drawing on his experience of the first year of full ESEF implementation across Europe.
Among other great speakers at the recent XBRL Europe conference, Jean-Phillippe Rabine of the European Commission provided an update on the planned European Single Access Point, or ESAP, the EU’s far-reaching and ambitious plan to provide huge amounts of reported digital information all in one place.
Accountancy Europe has written to Commissioner Mairead McGuinness of the European Commission on the ongoing development of sustainability reporting standards.
“Good knowledge and understanding of XBRL can turn your mandatory ESEF submission into an opportunity to transform the way your data is presented, and avoid common errors,” says Pierre Pottier of Invoke in a recent opinion piece – and we heartily agree!
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
