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XBRL Canada Annual Conference “ Efficient and Effective Government Reporting ” 17 October 2012 Ottawa, Canada PowerPoint Presentation
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XBRL Canada Annual Conference “ Efficient and Effective Government Reporting ” 17 October 2012 Ottawa, Canada. A Roadmap to XBRL Adoption in Canada Gord Beal, CICA Geoff Zakaib , XBRL Canada. XBRL Canada and the CICA.

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XBRL Canada Annual Conference “Efficient and Effective Government Reporting”17 October 2012Ottawa, Canada

A Roadmap to XBRL Adoption in Canada

Gord Beal, CICA

Geoff Zakaib, XBRL Canada

xbrl canada and the cica
XBRL Canada and the CICA
  • XBRL Canada is the jurisdictional organization that is responsible for the coordination of XBRL activity in Canada
  • Geoff Zakaib is Chairman of XBRL Canada
  • The Canadian Institute of Chartered Accountants (CICA) has encouraged and supported XBRL Canada from the beginning
  • Gord Beal is Director, Guidance and Support at the CICA and provides liaison between XBRL Canada and the CICA
cica and xbrl canada a team
CICA and XBRL Canada – a team
  • CICA and XBRL Canada have worked together on a variety of projects
    • Submission to the Red Tape Commission of the Canadian Government
    • Preparation of the strategy document – Roadmap to Adoption of XBRL in Canada
red tape commission an opportunity for sbr in canada
Red Tape Commission - An Opportunity for SBR in Canada?
  • Arose out of a desire of the government to cut costs of unnecessary processes
  • It’s clear that SBR-XBRL could cut costs for both the government and for those who file information with the government
  • We recommended SBR be adopted
  • Cited the experience in Netherlands and Australia in particular
the roadmap document
The Roadmap Document
  • The Roadmap document follows up on the Red Tape Submission
  • With a detailed summary of how to implement SBR in Canada
  • It also is consistent with other government programs and policies, such as:
      • The Open Data Project
      • The “Tell us Once” Policy
      • The new Data Center Consolidation Project
tony clement oct 2 2012
Tony Clement – Oct 2, 2012
  • Focus efforts in three areas: refocusing government and cutting costs; modernizing operations; and making it easier for Canadians to do business with government
  • Government will tap into technology to transform its “back office” and modernize and automate the “nuts and bolts” of business processes
tony clement oct 2 20121
Tony Clement – Oct 2, 2012
  • Will be a “huge effort” that will affect all corporate services and operations across government
  • Departments will use more electronic documents and reduce their reliance on paper. The government will overhaul its web presence to save money
red tape reduction
Red Tape Reduction
  • The federal government must cut the administrative burden that businesses have to deal with by:

 Cutting the burden of regulatory requirements on businesses;

 Cutting the information demands on businesses; and

 Enhancing the use of electronic services to reduce compliance costs.

red tape reduction1
Red Tape Reduction
  • The federal government must cut the hidden burden created when individual businesses have to contend with the demands of many different federal regulators by:

 Getting the federal regulatory house in order;

 Adopting “Tell Us Once” initiatives within departments that, with consent and appropriate protection of privacy, will allow the recycling and reuse of information already provided; and

 Increasing the use of electronic “single windows” for information on regulatory requirements.

open government
Open Government
  • Open Data - offers government data in more useful formats to enable citizens, the private sector and non-government organizations to leverage it in innovative and value-added ways.
  • Open Information - is about proactively releasing information to Canadians on an ongoing basis and making government information easier to find and more accessible.
p illars for successful xbrl implementation
Pillars for successful XBRL implementation

FactFinding / StudyPotential Changes

Proposals and Impact Analysis

Review and Market Feedback

call to action
Call to Action
  • As a practical solution in a number of key government initiatives obtain support for a comprehensive SBR program using XBRL across as many departments and agencies as possible
  • Establish a core group to manage the project from inception to implementation (Standard Business Reporting Office)
call to action1
Call to Action
  • Encourage and engage the departments and agencies to collaborate in the development of the SBR program
  • Initiate discussion with market intermediaries and suppliers, including software developers, to build the SBR filing requirements seamlessly into their products
next steps
Next Steps
  • Deliver the Roadmap Document to key decision makers in government and regulators
  • Create an Ottawa-based Working Group that will serve as a catalyst to support and participate in the SBR initiative within the Canadian Government
  • Formulate an Action Plan that defines roles, responsibilities, tasks and schedules