Attacking Administrative Burdens by using XBRL for all Government Regulatory Reporting Harm Jan van Burg, Ministry of Finance.

Slides:

Advertisements

Similar presentations

Horizontal Monitoring

Advertisements

GLOBAL SERVICE / INDUSTRY Tax and XBRL GL … the logical next step The phased adoption of XBRL in the tax domain ADVISORY / FINANCIAL SERVICES Marc van.

Slide 1 Eurostat Unit B3 – Statistical Information Technology GLC 13 on October 2004 Electronic Data Reporting for European Statistics.

Dutch approach to SBR Assurance Willem Geijtenbeek XBRL Leader (PwC) Huub Lucassen Leader XBRL Assurance Services (Ernst & Young)

How XBRL Will Enhance the Credibility of Financial Statements Presented by Graham Ward President, IFAC.

1 Validating Revenue, the Customer List, and Customer Location.

Mr. HARM JAN VAN BURG (Project Leader – Dutch Taxonomy Project) “La experiencia práctica del Mº de Finanzas de Holanda”

H.J. van Burg, Project Director NTP October 2007 Dutch Taxonomy Project (NTP) Semantic data and process interoperability and continuous auditing.

XBRL eXtensible Business Reporting Language Week 9 – Lecture 2.

Oceanic Flight 815. Oceanic Flight 815 Regulatory banking reporting at Banco de España Some functions require the collection of data from credit.

Improving Business Performance by using XBRL Mr. Christian Barrios Marchant Member of the Executive Board of SOFTWARE AG Responsible for Region South West.

XBRL AND BANKING SUPERVISION José María Roldán Director General of Regulation, Banco de España Chair, XBRL España Chair, Committee of European Banking.

“The preparation of annual financial reports in a single electronic reporting format will be mandatory as from 1 January 2020” XBRL Europe Working Group:

 Mark & Sons Future Technology Co. (hereafter, MSFT) is a $40 billion public company that provides high-technology products and services.  Currently,

Accounting Information Systems (ACCT 312) XBRL: eXtensible Business Reporting Language PowerPoint Presentations.

JFSA XBRL Project Dec 3, 2007 Hirofumi Gomi. 2 2 The role of JFSA Planning and policymaking in relation to the financial system Inspection and supervision.

SBR Overview Paul Madden Program Director Standard Business Reporting July 2010.

XBRL Formula in use: Improving the quality of data Mark Montoya (FDIC) Víctor Morilla (Central Bank of Spain)

25th June 2008ECCBSO - XBRL filings with Central banks European Committee of Central Balance Sheet Data Offices XBRL filings with central banks Amsterdam,

Copyright © 2014 McGraw-Hill Education. All rights reserved

1 Rome, 5-7 May 2014 Piotr Madziar – European Commission 20-21/02/2014 XBRL Days and Eurofiling Workshop.

XBRL for regulatory reporting Belgian projects. Agenda  XBRL projects by Belgian regulators  National Bank of Belgium  Banking, finance and insurance.

Continual Service Improvement Process

Taxonomies for Transparency: Five principles for regulatory efficiency and effectiveness of XBRL deployment in Europe Laurent Collet

SBR Netherlands1 Standard Business Reporting Programme A Netherlands government initiative Standard Business Reporting XBRL International Conference 24.

XBRL Updates Sharing XBRL good practices for Business Registers at the European Level – A step towards convergence Paola Fumiani - InfoCamere.

© Grant Thornton International. All rights reserved. How XBRL makes compilation and preparing financial statements / tax filings easier and cheaper A new.

1 XBRL from the Analyst-Investor Perspective XBRL US Conference, October 15, 2008 Tom Larsen, CFA Harding Loevner Management CFA Institute XBRL Working.

REDUCING REPORTING BURDEN ON EUROPEAN CORPORATIONS Standard formats and IASCF-XBRL taxonomy An experience from the European Commitee of Central Balance.

XBRL at the Federal Public Services Finance, Belgium Caroline Dupae, Project lead Kurt Cogghe, Deloitte Consulting 18 th International XBRL Conference.

ENHANCING IFRS EXTERNAL REPORTING USING XBRL

1 XBRL Pilot Project at BOJ May 2004 Yoshiaki Wada Bank Examination and Surveillance Department Bank of Japan © 2004 Bank of Japan.

XBRL Application in Listing Company Reporting In China Shanghai Stock Exchange Huang Hongbin

XBRL at Statistics Netherlands  Experiences and developments in 2004 Marko Roos XBRL Conference Brussels.

10 th International Conference Brussels November 17, 2004 Aad Bergman.

Track 4 Title: How XBRL Facilitates the Electronic Collection of Financial Information for Credit Risk Rating, Name: Igno J. Dekker, Business Architect,

1 Discussion of “Computer- Assisted Tools for Auditing XBRL- Related Documents” Symposium on Information Integrity & Information Systems Assurance David.

Ministry of Economic Affairs | 11 April 2013 The Mark of Good Public Services A Uniform Framework for Measuring and Improving Public Services for Businesses.

8th November th XBRL International Conference Combining standards: an example of European Central Banks using XBRL and IFRS to reduce the reporting.

SBR IN FINLAND SEMINAR ON STANDARD BUSINESS REPORTING (SBR) NOVEMBER 24, 2015 OTTAWA, CANADA Elina Koskentalo Project Manager and Taxonomy Developer, XBRL.

Tax Administration Diagnostic Assessment Tool MODULE 11 “POA 9: ACCOUNTABILITY AND TRANSPARENCY”

Mariette Lokin February 2009 Experiences and lessons learned.

XBRL for regulatory reporting in Belgium Camille Dümm Central Balance Sheet Office (CBSO) Update on the CBSO latest developments and related projects.

XBRL is for Everyone Aad Bergman Business Excellence Partners The Netherlands

INTEGRATED STRATEGIC PLANNING PROCESS (ISPP) 10 year planning outlook10 year planning outlook Monia Lahaie, DCFO and Director General Finance at Statistics.

XBRL for Statistical Reporting Giuseppe Sindoni Eurostat Statistical Information Technologies.

Oracle’s EPM System and Strategy

ICT Solutions for achieving Smart Regulation The Dutch Programme

Auditor’s report on XBRL-based financial statements in the Netherlands November 6, 2015.

Harmonized Approach to Cash Transfers (HACT) to Implementing Partners

Audit of predetermined objectives

Public Finance Management System

Accounting and Reporting in the Public Sector

E-government Working Group

Waalwijk, The Netherlands

Mariette Lokin February 2009

Results of the XBRL Pilot Project

Final Report of Phase 2 of the Pilot Project

©Semansys Technologies

Harmonized Approach to Cash Transfers (HACT) to Implementing Partners

From State Accounting to Government Finance Statistics

Evolution of Urban Audit

Progress of the Financial Reporting Technical Assistance Project

CHAPTER 19. CHAPTER 19 Managerial Accounting Basics Managerial accounting is a field of accounting that provides economic and financial information.

XBRL For Tax Compliance

Supervision of Financial Reporting

Seminar “Towards Implementation Strategy on International Standards on Economic Statistics in Africa” 6 – 9 July 2010.

“GOVERNMENTAL EXTERNAL TAX AUDIT”

XBRL for IFRS and Extension Taxonomies

Audit, Assurance and XBRL

Presentation transcript:

Attacking Administrative Burdens by using XBRL for all Government Regulatory Reporting Harm Jan van Burg, Ministry of Finance

The Dutch Taxonomy Project ›Reduction of administrative burdens of companies ›Taxonomy for Dutch financial reporting ‒Annual accounts ‒Taxes ‒Financial statistics ›Interdepartmental project ‒Ministry of Justice ‒Ministry of Finance

Architecture Dutch Tree Domain specific Form sets Per subject / target group IFRS Sets Taxes Statistics … IFRS Waiver taxonomy GEN-Base Generic Elements Netherlands DataTypes Elements annual account Relations Report Sets DataTypes (RJ) Relations

Chain of financial reporting ›Operate from the business perspective ›Goal is better services by: ‒reduction of costs ‒less annoyance ›Cooperation and synergy of chain members ›Transparency and assurance ›Use of open standards

The reporting domains

Business perspective ›One-off gathering and more than once use for reporting purposes ‒in time and ‒for regulators ›More effective validations within the taxonomy ›The taxonomy can be easily expanded with a corporate taxonomy (GL)

Supervision ›More effective validations ‒controls at the boundaries - less garbage in ‒ feed forward process reporting cycles ›More accurate analyze and detection capabilities ›A shift form an operational to a material audit / supervision approach

Analyze and detection ›Increase of accuracy ‒Transparent data model ‒More data elements and more advanced context information ›Reporting domains can be reconciled ›Outcome analyze and detection more suitable for supervision purposes

Operational  Material supervision ›Decrease of costs and time for collecting and checking data ›A focus on unwanted exceptions ›Reallocate supervision

Thank you User: taxonomie01 Pass: boston