Harm Jan van Burg

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• Harm Jan van Burg

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• Harm Jan van Burg

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The Dutch Taxonomy Project

• Reduction of administrative burdens for
  businesses
• By using a recognized XBRL taxonomy in financial
  chains

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The Dutch Taxonomy Project II

• Unique co-operation between public and private
  parties
• Formalized in a covenant (9 June 2006)
• In production now as of jan 2, 2007

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The compelling need for businesses
Business
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Regulatory reform

• Simplifying the way rules are executed (by both
  government and companies) by creating a data
  model which can be used in financial reporting
  chains
• Without changing the rules itself (initially)

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Multiple regulatory reporting

• Businesses perspective
• Standardize data elements
• Transparency and innovation
• Creating optimised reporting chains

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Reduction of administrative burdens

• Reduction by
• recognized taxonomy
• normalized taxonomy
• easier and faster composing of obligatory reports
• better integration in business process
• better (re)use of data
• dispense with paper based reporting

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Compliance

• Taxonomy a solid semantic basis
• Data model process model
• Close the chain control
• Multiple regulatory reporting
• Stop sub-optimization
• Shared compliance

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Supervision, possibilities for a new approach

• Multiple regulatory supervision
• Possible shift from public bodies to private
  initiative
• Creating cooperation and compliance
• Risk assessment of companies and intermediaries
• Pre-filled up declarations / information
• More and more electronically confirmed
  information
• Focus manual supervision on exceptional cases

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Results (June 2008)

• Software vendors are on board now
• Accountants reluctant to change
• Infrastructure a challenge
• tooling not there yet
• We have the first filings
• Direction is clear
• Timeline was short

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Next

• Harmonization
• Continued educating software community
• New projects?
• Redesigning reporting chains
• Thinking globally

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The process government
The service the Process Infrastructure delivers
is part of the Process government
The process government is a vision focused on

• Closing the gap between policy making and policy
  execution
• Reducing the administrative burden
• Enabling innovative ways of policy enforcing

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Agenda

• Information exchange
• Problems involving reporting
• Design principles
• Approach towards solving the problems
• The infrastructural services

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Information exchange
What makes an information exchange process (from
a Process Infrastructure point of view)? A
process based upon laws and regulations whereby
data is interchanged between companies and
regulatory agencies
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Problems involving reporting
?
Regulator 1
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Regulator 2
Company
?
Intermediary
Regulator 3
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Problems involving reporting
Regulator 1
Regulator 2
Regulator 3
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Problems involving reporting
Intermediary
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Problems involving reporting
Intermediary
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Towards solving the problems

• Process based information exchange
• Flexibility by layered standardisation
• Process services related to (non)core business
  processes

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1. Process based information exchange
?
Regulator 1
?
Regulator 2
Company
?
Intermediary
Regulator 3
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1. Process based information exchange
Intermediary
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1. Process based information exchange
Intermediary
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1. Process based information exchange
Intermediary
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
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2. Flexibility by layered standardisation
?
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3. Process services related to (non)core business
processes
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3. Process services related to (non)core business
processes
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3. Process services related to (non)core business
processes
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3. Process services related to (non)core business
processes
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3. Process services related to (non)core business
processes
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3. Process services related to (non)core business
processes
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Approach towards solving the problems
BPMN
BPEL
Dutch taxonomy
Instance document
XBRL
Web Services

• SOAP
• WSDL
• MTOM
• WS-Security
• UDDI
• WSPR
• WS-Reliability

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The infrastructural services
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The infrastructural services
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The infrastructural services
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The infrastructural services
Company
Regulator
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The infrastructural services
Company
Regulator
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The infrastructural services
Company
Regulator
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More information
www.xbrl-ntp.nl/english www.SBR.gov.au