Embracing the regulatory standards by implementing cutting-edge data quality checks
With the ESEF (‘European Single Electronic Format‘) mandate now in place, auditors may want to fully monitor how the ESEF reports of listed companies are being implemented. They need to know what the company-defined taxonomy is, which facts are reported and how the report aligns with the guidelines from the ESEF Reporting Manual or ESEF RTS.
Willing to cover the below controls?
- Are the XBRL figures identical with the human-readable figures?
- Are all relevant figures in the tables correctly tagged with the good IFRS concept, as per ESEF requirements?
Acsone has indeed developed a control report (a MS Excel workbook) allowing auditors to read in an intuitive and exhaustive way the data included in the ESEF reports in Inline XBRL. It provides a global and uniform picture, not only on reported facts but also on how the facts are related to each other.
On top of the control report, additional validation formulas can be created and even compare figures from different reports. Specifications of taxonomy extensions can be rendered more pertinent for the business.
Our experts also remain at your disposal for ESEF XBRL training or consulting missions.
Feel free to visit our dedicated page.
Last but not least:
the technology is particularly well suited for reports related to ESG reporting and in order to be integrated with a data mining solution
Let’s explore how we can collaborate. Book your personalized demo now.