1. Gerald Trites XBRL Canada
Standard Business Reporting (SBR) – Global Report
Gerald Trites XBRL Canada

2. 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

3. 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

4. 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

5. 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
United States
Malaysia (SBR)
Switzerland
Italy
European Union
Finland
> 90% of the world market capitalization has mandated XBRL for reporting
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.

6. 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: and

7. 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

8. 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%)

9. Australian SBR Program
Went live in July 2010
Cost: AUD 170M
The Commisioner of Taxation reported in his annual report for that SBR use exceeded 15 million transactions for the first time, with estimated savings to business using SBR-enabled software of $400 million.

10. Basic Components of SBR
COMMON LANGUAGE
DefinitionalTaxonomy
STANDARDIZED FORMAT
ReportingTaxonomies
STANDARDIZED CONTENT
Messaging Infrastructure
Core Services
Web services
Web services
Business Software
Government Agency
REGISTRATION AND ASSERTION
Authentication
AUSkey
AUTHENTICATION TOKEN

11. 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

12. How the SBR Taxonomy Architecture Works
Definitional Taxonomy – Common Dictionary
Define the concept once…
… re-use on many reports
Information
Classification A
Information
Classification B …
A.1
B.1
A.2
B.2
Address
Wages & Salaries
Reporting Taxonomies
Agency X
Agency Y
Agency …
Report X.1
Report Y.1
Report X.2
Report Y.2

13. 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

14. 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

15. THANK YOU