Compliant Conversion, Tagging, and Training under the European Single Electronic Format

Since 1 January 2020, all issuers of securities listed on EU-regulated markets are required to prepare and publish their consolidated financial statements in the European Single Electronic Format (ESEF). This regulatory change affects companies beginning from the accounting period starting 1 January 2020, requiring a shift in how financial results are disclosed.

Under ESEF, annual reports must be published in XHTML format, and if prepared under IFRS, they must be tagged using the XBRL taxonomy. This ensures enhanced transparency, comparability, and digital accessibility for investors and regulators across the EU.

How BDO Can Help You Prepare for ESEF

BDO provides a full suite of services to support ESEF compliance, combining audit expertise, accounting knowledge, and IT capabilities. Our team works with tailored software solutions to ensure that your annual report is converted and tagged accurately, efficiently, and cost-effectively.
 

 

Our ESEF Services Include:

• XHTML Conversion and XBRL Tagging
  Complete transformation of your annual report into ESEF-compliant XHTML, with proper tagging of IFRS-based financial statements using the latest taxonomy.
• ESEF Financial Statement Review
  Verification of ESEF-format reports to ensure consistency, accuracy, and compliance.
• Technical Advisory and Implementation Support
  Guidance on selecting, implementing, and managing the right ESEF software and systems.
• ESEF Training Courses
  Practical training for finance and compliance teams to understand ESEF obligations, filing standards, and quality control requirements

Ensure full compliance with ESEF regulations—seamlessly and securely. BDO helps issuers of securities prepare for the future of financial reporting through expert guidance and end-to-end support.