Standard Business Reporting
(SBR) – Global Report
Gerald Trites
XBRL Canada
1
Introduction
 CPA Canada has recommended the Standard
Business Reporting (SBR) model to the
Government in pre-budget consultations in the
past three years
 The House of Commons Standing Committee
on Finance picked up this recommendation in its
annual report
2
Introduction
 The use of SBR is particularly useful for cutting
the cost of compliance incurred by business
 It is also consistent with the Open Data Initiative
of which the government is a part
3
SBR Overview
 Standard Business Reporting (SBR) is a group of
international initiatives based on XBRL and designed to
reduce the business-to-government reporting burden
 Started in The Netherlands in 2003, SBR was then
adopted in Australia in 2006 and is currently being
considered by many other countries including China,
Brazil, UK, Belgium
 Key features:
▫
▫
▫
▫
Cross-government
Multi-agency and platform independent
Streamlines Multiple reports
Standards, including but not limited to XBRL, are enablers
 Key focus: costs reduction for businesses
4
XBRL Adoption Around the World
G20
•
•
•
•
Outside the G20
Argentina
Japan (SBR)
United Arab Emirates
Netherlands
(SBR)(Audit)
Australia (SBR)
Mexico (SBR)
Belgium (SBR)
Poland
Brazil (SBR)
Russia
Bermuda
Romania
China (SBR) (Audit)
Saudi Arabia
Denmark (Audit)
Singapore (SBR)
France
South Africa
Hong Kong
Thailand (SBR)
Germany
Korea
Ireland
Taiwan (SBR)
India (SBR) (Audit)
Turkey
Israel
Spain
Indonesia
United Kingdom (SBR)
Luxembourg
Sweden
Ireland
United States
Malaysia (SBR)
Switzerland
Italy
European Union
Finland
BOLD: XBRL mandate(s) in production
Audit – Program in place to require independent assurance over XBRL submissions.
GREEN – In Development with a voluntary program
SBR –“Standard Business Reporting” burden reduction effort converging disparate agencies
compliance processes via IFRS
XBRL Taxonomy.
5
SBR Overview
 Streamline business-to-government reporting
through SBR-enabled accounting/payroll software
 Using SBR-enabled software will allow businesses
to prepare and lodge key government forms directly
from their software to SBR partner agencies
 Single credentials – such as AUSKey in Australia
 More information: www.sbr.gov.au and www.sbr-nl.nl
6
Primary Aims of SBR – Where the
Savings Are
 Use of standards to reduce cost to business
 Single language to report to government
 Harmonisation and reduction of reported data –
98% and 70%!!!
 Ability to attach meaning to business and financial
data
 Reporting data becomes a by-product of normal
business record keeping/accounting processes
 Have reports pre-filled in business software
 As far as possible – automate the reporting process
7
Scope of Existing SBR Programs
 The Netherlands
▫ 3 agencies
▫ 1.5 million businesses
▫ Reporting elements reduced from 200,000 to
4,500 (-98%)
 Australia
▫ 12 agencies
▫ 2.1 million businesses
▫ Reporting elements reduced from 9,648 to 2,838
(-71%)
8
Australian SBR Program
 Went live in July 2010
 Cost: AUD 170M
 The Commisioner of Taxation reported in his
annual report for 2014-15 that SBR use
exceeded 15 million transactions for the first
time, with estimated savings to business using
SBR-enabled software of $400 million.
9
Basic Components of SBR
COMMON LANGUAGE
DefinitionalTaxonomy
STANDARDIZED FORMAT
Business
Software
REGISTRATION AND ASSERTION
AUTHENTICATION TOKEN
Messaging Infrastructure
Core Services
Web services
STANDARDIZED
CONTENT
Web services
ReportingTaxonomies
Government
Agency
Authentication
AUSkey
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Taxonomy
 The SBR taxonomy has two main layers
▫ Definitional taxonomy
▫ Reporting taxonomies
 Definitional – Dictionary of agreed terms that
comprise the common language
 Reporting – Structures for the exchange of data
that use the terms defined in the Dictionary
11
How the SBR Taxonomy Architecture
Works
Definitional Taxonomy – Common Dictionary
Define the concept once…
Information
Classification B
Information
Classification A
A.1
B.1
A.2
B.2
Address
…
Wages & Salaries
… re-use on many reports
Reporting Taxonomies
Agency X
Agency Y
Agency …
Report X.1
Report Y.1
Report X.2
Report Y.2
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Benefits of the SBR Taxonomy
Architecture
 Each SBR Program develops its own taxonomy,
but they have the option to leverage the SBR
Taxonomy Architecture used in most Programs –
which saves time and resources
 It is also an important governance tool and it
facilitates harmonization
13
Conclusions
 SBR is a global reality
 Existing Programs are having a significant
impact
▫ Costs reductions
▫ Rationalization and simplification
 New Programs are leveraging best practices
and lessons learned and achieve results more
quickly and with lower investment
 SBR in Canada has the potential to significantly
reduce compliance costs for businesses
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THANK YOU
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