XBRL: Statutory Reporting

1
XBRL Statutory Reporting Compliance

• Presented By
• James McCutcheon

2
Overview

• APRA (Direct2APRA) Issues
• The core issues
• The solutions
• XBRL Misconceptions
• Magic Bullet

3
The Push and Pull
Reporting Company
Regulatory Body

• More Information
• Openness
• Reduced Pain
• Disparate Systems

• Cost of Compliance

4
Direct2APRA Last Mile
D2A XBRL
Financial Institutions
5
No 1 Criminal or Not
6
XBRL Magic Bullet NOT
Completed Reports
People
Physical Reports
Data
7
APRA Solution

• APRA Connect
• Excel to XBRL conversation

Walk Through
8
What you should do

• Publish Taxonomies
• Work with vendors
• Encourage a panel
• Workshops
• Road Maps
• Provide APIs
• Provide Webservices
• Provide Test and Production Environments