ESEF Preparedness – IMPORTANT survey from the Financial reporting Council (FRC)

Of interest to all involved in the production of accounts for companies subject to the Transparency Directive

I have flagged the issue of ESEF on a number of occasions recently because the Institute has been told that a number of companies are not sufficiently aware of, or prepared for, this new requirement.

The FRC shares this concern and its Lab has produced a short survey that seeks to understand companies preparedness for applying the ESEF Regulation in order to help inform the FRC’s future work. I would urge all members in affected companies to complete the survey, which closes on 17 June.

The survey should only take ten minutes to complete and can be found:

https://www.frc.org.uk/news/june-2020/european-single-electronic-format-regulation-requi

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