Over the last few months Workiva has heard from our customers and their auditors as well as from the broader ESEF and XBRL Community about conflicting interpretations of ESMA’s guidance on the technical construction of a text block tags found in S...
Hi everyone, We’ve noticed that it’s currently not possible to export the ESEF taxonomy from Workiva into Excel. This limitation makes it difficult to review and compare the taxonomy structure outside the platform, especially when coordinating wit...
We are thrilled to announce that we have released a new feature available to ESEF XBRL Tagging. This feature allows you to hide standard members in the XBRL outline from appearing in the presentation linkbase while allowing them to still exist to ...
We are thrilled to announce that our ESEF Customers now have to ability to provide optional Taxonomy Package Metadata to their filing via the Profile Metadata Tab found within the XBRL Profile. This provides metadata about the extension taxonomy y...
Workiva's ESEF Validation Engine has been updated and confirmed to be working in accordance with ESMA's 2023 version of the Conformance Suite (which was released on December 7th 2023). The validation engine update ensures that the technical compon...
Workiva has released an update to the ESEF 2022 taxonomy to all customers in accordance with the minor taxonomy updates release by ESMA on December 7th, alongside their conformance suite. All customers using the ESEF 2022 taxonomy will automatical...
This is a badged and certification course. In addition to receiving there badge at completion of the course, users will have the option to take the exam to obtain their Using the ESEF Reporting Solution certification. Details: Users will be s...
Workiva's XBRL tool allows you to merge multiple documents. It would be very useful to be able to merge documents in HTML format in order to report the individual accounts as they don´t have the ESEF labels.
The 2021 version of the ESEF taxonomy now includes language translations for all Label Roles that are defined in the taxonomy. Previous versions of the taxonomy provided language translations for only the Standard label role and only an English la...
[February 2023 Update] Update based on Guidance 2.5.1 of the ESEF Reporting Manual [August 2022]: Since ESEF is a format requirement and is not expected to impact the “human readable layer” of a report, this guidance should not be seen as limiting...
Transparency requirements say that companies have to publish the legal Annual Reports themselves, and make them available for at least five years. There is not an explicit requirement that this should be on a company website, but in practice, this...
It can be, it depends on the company and what you've done in the past. Design is not required for ESEF compliance, however, it does not mean that you have to change your process if you've created a designed report in the past. Check out Jackie Whi...
If you’re curious about what your process looks like for adopting the ESEF mandate, consider taking a look at the ESEF Readiness Kit. This kit includes a checklist of things to consider in your process and the workflow using Workiva. A few key are...
Absolutely. (Or absolutamente or absoluut, perhaps.) XBRL taxonomies include a lot of information to help a preparer identify the correct elements to use. In particular, the labels and documentation are very verbose. As the ESEF taxonomy is part o...
The taxonomy package published by ESMA, typically in a .zip file format, is not intended to be read by people directly. That said, modern ESEF reporting software can load the information in those files and provide a user-friendly view of all the a...
XBRL® uses taxonomies—dictionaries of concepts—to specify the tags that preparers will need to use to mark up financial statements. The ESEF taxonomy is primarily based on the taxonomy produced for IFRS financial reporting by the IFRS Foundation a...
In 2013, the European Securities and Markets Authority (ESMA) was asked to specify a European Single Electronic Format (ESEF) for annual financial reports (AFRs). This initiative was part of a broader move to improve access to the information prod...