The adoption of the new European Single Electronic Format (ESEF) by the European Commission in the middle of 2019 represents a substantial step towards making electronic financial reporting simpler and faster..

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The new format is mandatory for companies filing reports for reporting periods starting on or after 1 January 2020. As such, accounting departments are facing a considerable increase in their workload in the run-up to the required publications because they are responsible for preparing and managing the tables (and, subsequently, the notes as well) as part of the tagging process.

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F R S has already begun helping its clients by providing targeted support for instituting the necessary preparations, such as selecting a suitable IT service provider, organising training measures, implementing selected tools and labelling data sets.

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Benefit from F R S as an independent and competent advisor and relax as new requirements come into effect.