There is proven phenomenon of countries without significant telecommunications infrastructure “leapfrogging” landlines and moving straight to a robust mobile network. Could business reporting work the same way? Business reporting in Tunisia is currently paper based and not particularly comprehensive, but the government in Tunisia is actively seeking foreign investment and is under pressure to enact […]
We’ve got some more news from our friends at the Data Coalition in the US this week. Their research arm, the Data Foundation, is publishing a paper in cooperation with PwC on Standard Business Reporting. An excerpt shared this week highlights the potential for SBR to reduce some of the costs to business for regulatory […]
In September we let you know about the projected A$1.2 billion in savings from Standard Business Reporting in Australia. Now the Australian Taxation Office Annual Report is out, confirming that amount, which is 50% greater than the original business case projections. That result certainly makes a compelling case for SBR, which has also been put to use […]
Fintech-driven technology and process improvements are revolutionising the way information is collected, managed, published and used. Collaboration is key to making it all work.
Sweden is restarting its efforts with structured data reporting using XBRL.
The Australian Taxation Office is projecting total savings in 2015-2016 from SBR to be a staggering A$1.1 billion.
The Australian Securities & Investments Commission (ASIC) thinks that increased sharing of data could ease reporting burdens on business and improve the agency’s ability to meet its regulatory objectives. We agree.
Economic Development and Innovation Minister Mikael Damberg announced recently that the Swedish government is going to start pushing firms towards digital submission of financial reports, with the aim of making such practice mandatory in 2018.
XBRL Sweden, in cooperation with the Tax Agency, the Swedish Companies Registration Office, Statistics Sweden and the Swedish Financial Supervisory Authority is hosting a conference on SBR