SBR in Australia

The Australian Government has started a blog on SBR (Standard Business Reporting). SBR is a process of providing for business a standard method of reporting to government departments using XBRL as the standard. At present, in many countries, (including Canada) business must report to the different departments, such as Finance, Revenue and Statscan using different methods unique to each of those departments. This imposes a substantial burden on businesses who must support systems, technologies and processes for each of those different methods. SBR means they only have to support one method, and will lead to substantial savings for Australian business, who are about to launch a comprehensive SBR program..

The new SBR Blog of the Australian Government can be found at http://blog.sbr.gov.au/.