AMOSCA’s Report Authority solution produces valid XBRL filings for COREP and FINREP

AMOSCA has been invited by a number of European National Supervisory Authorities to provide test CRD IV submissions using its Report Authority solution (www.reportauthority.com) in advance of the public testing facilities being made available.

We are pleased to report that to date filings submitted using Report Authority have passed all known validation criteria.

COREP and FINREP reporting introduces new formatting and languages which are significantly different to current reporting requirements. Reporting companies therefore need to ensure that they are able to deliver validated XBRL instances for a wide range of National Supervisors against the backdrop of the very open nature of XBRL and the requirement for a large number of complex validations.

AMOSCA’s early-bird testing of the Report Authority

solution ensures that potential issues are identified and addressed before release. Clients can therefore be assured that their filing structure and content have been verified with the NSAs.

For more information about Report Authority please see www.reportauthority.com or contact us.