Tag: ESEF

  • Digital Financial Reporting and AI

    Digital Financial Reporting and AI

    The question ‘Is Automatic XBRL Tagging Feasible Using AI and LLM systems’ is now common at XBRL conferences. Research suggests LLM systems achieve 79% accuracy when reading annual reports. However, XII research shows that using semantic tags from XBRL reports produces better results and the data provides significant benefits to deeper analysis. Reversing the process,…

  • Integrated Digital Financial Reporting

    Integrated Digital Financial Reporting

    Digital Financial Reporting is moving to a new phase of development. The move towards standardisation using Inline XBRL (HTML with XBRL tags) are multiple. Limitations with tagging the old PDF-files, means that a new ‘digital-first’ approach is emerging using HTML-based content management systems. An approach which offers many process advantages. This will impact the 50,000…

  • Digital Financial Reporting

    Digital Financial Reporting

    Digital Financial Reporting is the new phrase for UK and European accountants, auditors, and IT departments to come to terms with, but what does it really mean? ESEF and UKSEF has required digital reports for three years and around 5,000 companies to submit them. The next step for Sustainability reports to be prepared and submitted…