The FRC Lab (Lab) has today published a report that identifies lessons learnt from the first year of mandatory structured digital reporting under the TD ESEF regulation.
The Lab’s review found many companies have risen to the challenge of producing an annual financial report in the new digital format. However, there is still much to be done as data quality and usability remain below the level expected for companies in a leading capital market.
The report sets out some actions to improve companies’ processes, the usability and design of the reports and XBRL tagging.
A link to the full report is available
here.