Why register for the SBR Webinar?

XBRL Canada put out this press release, a reminder for you to register for and attend the webinar on SBR (standard business reporting) in Canada. If you are interested in reducing the cost of compliance for businesses that must send business or financial information to the government and regulators, then you should attend.

Who should attend?

• Members of the civil service, whose departments are involved in collecting financial and other business information from business
• Members of the government, shadow cabinets, and their staff, whose departments are involved in collecting financial and other business information from business
• Organizations which lobby for the reduction of red tape (the cost of compliance)
• Those responsible for choosing people to be on the proposed Red Tape Reduction Commission.
• Representatives (accountants, controllers, consultants, etc) of businesses which spend a significant amount of time and money reporting to government and regulators
• Members of think tanks that present white papers or articles on the cost of compliance
• Software developers which develop compliance or business reporting software
• The business press

Find out how an SBR project can significantly reduce red tape and the cost of compliance. SBR is not the only answer, but it is a major step forward. It is important to understand how and why and then get all decision-makers on board.

Although the primary short-term goal is to reduce the cost of compliance, the FFIEC/FDIC call-report project shows that the use of XBRL alone (even without the other elements of SBR) has led to major savings of time and money to the agency, to the banks who report to them, and to the call report software developers. Significant benefits will derive from SBR when government departments and regulators collaborate and work together.