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November 7, 2023

ESEF Highlights – Auditors plan to focus on data quality

Following discussions with the auditors for this year, it is clear that they will follow ESMA's expectation and emphasise the importance of ensuring good data quality in the ESEF reports.

Portrait of David Boust

David Boust

Product Manager
ESEFCtrlPrint Highlights

What will your auditors focus on?

The revised guidance 2.2.6 of the ESEF Reporting Manual (Update August 2023) states that ‘information that is contained in tables in the human readable report is meaningfully transcribed in the extracted tagged information.' This implies that if a table is included in a text block tag, a minimum presentation needs to be included. The way this is handled in the CtrlPrint XBRL Tagger is by semantically parsing the tables in the notes. You can follow this link to view a short tutorial on how to do this.

Our advice is to have a conversation with your auditors about what they plan to focus on this season to be proactive.

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The ‘CtrlPrint ESEF Highlights’ is sent by email and complements our ESEF News and Q&A webinars. The idea is that even if you don’t have time to join us live for 45 minutes, you will still have the opportunity to receive the most important information directly in your inbox, by signing up for our upcoming emails.

We will not send these updates on a regular basis; instead, we will write when we hear or notice something that we consider important for your reporting project. This email, for example, focuses on auditors' priorities for this reporting season. We aim to maintain a close relationship with larger firms to ensure we can help you navigate in this rapidly changing world.

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Thank you for reading CtrlPrint ESEF Highlights!

David Boust

Product Manager at CtrlPrint

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Meet David – CtrlPrint's Regulatory Product Manager

David Boust is one of our Product Managers, with years of experience in XBRL reporting and tagging. He is part of the CtrlPrint expert team who participates and guide you through our ESEF News and Q&A’s.

In an interview, David is sharing his thoughts on what CtrlPrint is doing to prepare for CSRD.

Watch the interview here!

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