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Mariette Lokin February 2009. Experiences and lessons learned. Index. Objects Approach Experiences Lessons learned Beyond NTP. Objects. Reducing Administrative Burdens Annual accounts, Ministry of Justice (Civil Code) Using XBRL-FR. Approach. Co-operation with Ministry of Finance
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Mariette Lokin February 2009 Experiences and lessons learned
Index Objects Approach Experiences Lessons learned Beyond NTP
Objects • Reducing Administrative Burdens • Annual accounts, Ministry of Justice (Civil Code) • Using XBRL-FR
Approach • Co-operation with Ministry of Finance • Sharing advantages: tax and statistics • Building a taxonomy • Developing a process infrastructure • Creating preconditions, not obligations
Monitoring bodies Regulatory bodies Request request Auditor Tax office request Company Tax advisor Chamber of commerce request request Statistics Software supplier 1 request Bank Software supplier 2 Starting point
Chamber of Commerce Annual accounts Taxonomy Taxonomy Taxonomy Taxonomy Tax office Tax Business Entrepreneur Statistics Computer Statistics Financieel Systeem R1 R2 R3 Desired situation Business records are the central source Intermediary Store once, report to many
Experiences • Normalisation • Harmonisation • Optimization of the reporting chain • Multiple regulatory reporting • An authorized taxonomy • Restoring the link between legislation and administration
Experiences • Common understanding, individual interests • Agencies • Market (intermediaries, software vendors) • Representative bodies • Creating momentum, recognizing different agenda’s • Need for moderation: covenant between government and market
Lessons learned • Semantic interoperability starts in legislation • Legitimacy is undisputed, but success is dependant of adoption by agencies and market • Support the reporting and compliance process of a business: it’s not just another ‘export-format’. • Actual fulfilment of preconditions: market- and agency-sufficient, in time, protecting investments • Create a critical mass by supporting early adopters • You can only eat an elephant bite by bite
Beyond NTP • Substantial change in reporting chains • Market: dis-intermediation, shift from commodity to value added services, role in supervision (horizontal monitoring) • Agencies: multiple regulatory monitoring • Applying the concept of standardization in data and processes in other chains: Standard Business Reporting • From reducing admin burdens to ensuring legislative quality
Beyond NTP II • Taxonomy management is crucial
Beyond NTP III • Towards generic metadata in legislation • XML-based drafting: guarding harmonization in the process • Planning and control in view of versioning • Automatic consolidation • Facilitating the building of taxonomies • LEGIS programme
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