Standardised Business Reporting (aka “SBR”)takes an important idea:that clear reporting definitions,applied nsistently across ernment agencies can rce red tape and make it easier to do untries such as the herlands and Australia have been showing the way in this area for years.They have developed the necessary llaboration mechanisms to allow public and private sector experts to work together.These experts work to ensure that information that is necessary for ernment operations is no longer defined in slightly different ways across different domains.This lowers the st of mpliance and in some cases significantly rces the work necessary to file tax,statistics,business,cational and environmental returns. 

Naturally,as well as working to standardise things like identity and authentication,these SBR projects use XBRL taxonomies to standardise reporting,providing clear,nsistent,and where needed,multi-lingual digital definitions.

Australia has been prominent in this area by announcing calculated annual savings.The herlands has been a little more cautious in its analysis,but it is clear that they are also reaping the benefits.Once standard definitions and filing mechanisms have been created,an esystem of mpliant business reporting software also emerges.

Where electronic filing is mandatory,that esystem bemes very large,with XBRL-based reporting capabilities baked into all of the acunting and general ledger systems used by businesses,small,medium and large.

This work of capabilities,crossing ernment and the private sector,can then be leveraged in new ways.In the herlands,as we reported recently,the largest mmercial banks have bed together to create “SBR Banken”which provides significant benefits to borrowers and banks alike.They can rely on the quality and breadth of the definitions developed within the SBR project,as well as the capabilities to report electronically that businesses possess,thanks to the esystem of mpliant SBR software.

Now these ideas are taking foot in many other untries.Sweden,Denmark and Finland all have SBR projects under way.The US is examining the opportunities for simplification of business-to-ernment reporting that SBR can offer.Estonia has expanded the SBR idea to inrporate a range of e-invoicing capabilities.

A new group in Tunisia is meeting next week to discuss the opportunities that SBR might offer for that emerging enomy,together with other untries in North Africa and across the Gulf.SBR Tunisia’s first event will describe the goals of the new association.Experts from the herlands will share the Dutch SBR program journey with the audience and the main lessons learned for Tunisia to nsider.A live demonstration of XBRL based reporting will be presented to give the audience a ncrete view on how digital financial reporting works.

The event will bring together relevant stakeholders interested in reforming existing reporting processes in Tunisia,as a pilot for the Maghreb region and Africa more broadly.This nference is aimed at policy makers,central bankers,statisticians,regulators,acuntants and acunting professional bodies as well as relevant IT and nsulting experts.Find out more here.

中文新闻：SBR欲展翅高飞