ESEF – New obligation of issuers of securities
From 1 January 2020, issuers of securities listed on EU regulated markets must prepare and publish their consolidated financial statements in the so-called European Single Electronic Format (ESEF). This means that for the accounting period beginning on 1 January 2020, companies will have to change the way they publish their financial results.
Specifically, they will have to publish their annual reports in XHTML format. Furthermore, companies that prepare consolidated financial statements in accordance with IFRS will have to tag them using XBRL taxonomy.
Experienced experts in the field of audit, accounting consulting, and IT services are addressing the ESEF issues. We have specially developed software at our disposal, thanks to which we will ensure that the ESEF obligation is met in an adequate time and price. For our clients we can provide:
- complete annual report conversion service into XHTML format and designation using XBRL taxonomy
- audit of financial statements according to ESEF requirements
- support in the selection and implementation of technical solutions