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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.

Click here to read the response (pdf)

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