The QCA Financial Reporting Committee responded to the Committee of European Securities Regulators' (CESR) consultation calling for views on requiring issuers, admitted to trading on a regulated market, to use a standard reporting format for financial information, such as XBRL We noted that we can see the value and benefit in having a standard reporting format for financial reporting for listed companies. However, these benefits are completely dependent on how it is mandated, implemented and taken-up by users.
QCA Response to CESR – Use of a Standard Reporting Format for Financial Reporting of Issuers
The QCA Financial Reporting Committee responded to the Committee of European Securities Regulators' (CESR) consultation calling for views on requiring issuers, admitted to trading on a regulated market, to use a standard reporting format for financial information, such as XBRL.
