CoreFiling is naturally following the evolution of ESEF reporting and has already taken the opportunity to analyse some of the published filings. One area of interest is how companies are extending the taxonomy using the anchoring mechanism. This type of analysis can...
In my previous blogs, I have talked about how the iXBRL document validation process consists of a number of steps, like a ladder. If the validation process returns a failure at one step, it must stop processing immediately. It must NOT move on to the next step. Why?...
The ESEF RTS - (EU) 2018/815 - says: (2) Issuers should prepare their entire annual financial reports in the Extensible Hypertext Markup Language (XHTML) format...(4) ...consolidated financial statements in annual financial reports prepared either in accordance with...
Following on from our announcement that the True North Data Platform is ready for ESEF, we want to share a little about how our approach to ESEF simplifies and streamlines the user experience. Around 5,000 issuers across Europe will have to produce annual financial...
When CoreFiling undertook a survey of data collectors, we found a core message coming through: “Writing taxonomies should be as easy as possible and as automated as possible!” CoreFiling took this on board when moving our Taxonomy Management System (TMS) out of the...
Business rules can be found throughout regulatory reporting programmes, with everything from proportionality to supervisory process defined in a single rulebook. Automation of these rules allows regulators to reduce the cost of regulation and free up specialists from...
Most, if not all, data collectors want to maximise the quality of their data and minimise the reporting burden on their filers. Many decisions about how to run a filing program lead to trade-offs between these measures. An example of this is filing rules, where the...
CoreFiling is often called upon to review new XBRL taxonomies. Here are some of the most common mistakes we find and what can be done to avoid them. XBRL Formula ErrorsXBRL Formula is used to define business rules which are critical to maintaining the value of the...
The European Commission has now adopted the RTS for the European Single Electronic Format (ESEF) for filing company accounts in Europe. Under the new mandate, which is expected to be signed off by the European Parliament in early 2019, companies with securities...
In the previous post in this series, we introduced the True North Data Platform and how you can sign up and try our APIs. In this post we'll look at how you can validate an XBRL file and then give an example of the powerful functionality the TNDP can offer. The TNDP...