Alcon, the global leader in eye care, is leveraging the Workiva platform to improve its compliance processes, the connected reporting and compliance vendor revealed. Alcon is leveraging the platform to scale its global audit and Enterprise Risk Management processes.
Inconsistent, fragmented and controversial. These are words that apply to the method of financial reporting at many companies in the Netherlands. The reasons for this are apparent. Cold fears of companies and sticking to outdated systems ensure that companies continue to take the risk of human error. With fines, costs and reputation damage possible as a result.
Listed companies will have to deal with the European Single Electronic Format (ESEF) from 1 January 2020. That is the regulation of the European market regulator ESMA to prepare financial reports in XHTML and to tag specific data. This should ensure that the reports are easy (and machine) readable and comparable. More transparency in reporting. What are the implications for securities-issuing companies?