News September 2021 UK electronic reporting: survey results and resources for companies

UK electronic reporting: survey results and resources for companies

09 September 2021
In May 2021, the Financial Reporting Lab (the Lab) released a survey that asked companies and service providers to comment on their preparations for the introduction of structured electronic reporting for annual financial reports (DTR 4.1.14) as part of the UK implementation of a wider cross-EU initiative (ESEF).
 
The Lab has today published:
 
  • the results of the survey, showing that UK companies have begun to put the right steps in place to meet the requirements, but still have some important outstanding actions; and.
  • a list of resources to help companies understand and implement the requirements.
The Lab is also reviewing a set of UK and EU ESEF filings, with the aim of publishing a best practice report in autumn. We are keen to speak to stakeholders to learn from their experience. If you are interested, please get in touch at FinancialReportingLab@frc.org.uk.