Do you know that companies listed on capital markets in the EU and preparing consolidated financial statements by IAS will be required to report in the XBRL format as early as 2020?
Directive 2004/109 / EC (Transparency) in art. 4 sec. 7 required the European Securities and Markets Authority (ESMA) to develop draft regulatory standards to define an electronic reporting format. On May 29, 2019, Regulation No 2019/815 of December 17, 2018, supplementing Directive 2004/109 / EC of the European Parliament and the Council for regulatory technical standards, regarding the specification of a single electronic reporting format, was published in the Official Journal of the European Union.