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E-filing at Statistics Canada

E-filing at Statistics Canada. 11 th XBRL International Conference April 26-29, 2005. Statistics Canada mandate. Collect, compile, analyse and publish statistics on Canadian society and economy Traditionnally through questionnaires, telephone interviews Some EDI with public institutions

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E-filing at Statistics Canada

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  1. E-filing at Statistics Canada 11th XBRL International Conference April 26-29, 2005

  2. Statistics Canada mandate • Collect, compile, analyse and publish statistics on Canadian society and economy • Traditionnally through questionnaires, telephone interviews • Some EDI with public institutions • More demand/interest in on-line reporting by businesses and households

  3. Business reporting • In business reporting supply chain, STC is Financial publisher and data aggregator • Why collect business financials? • Publish on performance of Canadian businesses • Publish on investement and capital stock • Compile and publish national accounts

  4. Big picture for business financials at STC XBRL-based EDR for large firms COA SNA GIFI-based EDR for small firms Explicit conversion rules

  5. Pre-pilot • Pre-pilot conducted with consortium member • Succesfully produced, transmitted, consumed XBRL instance document • Difficult to establish cost-benefit for small to medium companies • Respondents not currently ready to routinely produce XBRL instance documents

  6. Adoption Pilot Projects • Objective: Experiment and evaluate various e-reporting business processes • Criteria: • Single window reporting • Reduced response burden • Same or better quality information • Reduced processing costs

  7. Options • Push or pull approaches • Push: Equivalent to sending out and filling questionnaire • Pull: Process where STC reaches into the company’s systems to “pull out” financial data • Taxonomy • STC extension • Canadian GAAP

  8. Options (cont’d) • Mapping from company systems: • From company GL • From company PFS • They map and store • We map and store

  9. Next steps • Recruit participants • Profile accounting structure • Enterprise level • Profit centre/cost centre levels • Map company accounts • Enable single window reporting • Promote single window e-filing for all large respondents

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