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Learn about key issues and solutions for XBRL implementation in statutory reporting and compliance as presented by James McCutcheon. Explore misconceptions, the push and pull reporting dynamic, APRA Connect, and practical steps like publishing taxonomies and working with vendors. Enhance openness, reduce pain, and navigate disparate systems with the magic bullet of XBRL. Take advantage of APRA's solutions and ensure a seamless Last Mile D2A process for financial institutions.
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XBRL: Statutory Reporting& Compliance Presented By James McCutcheon
Overview • APRA (Direct2APRA) Issues • The core issues • The solutions • XBRL Misconceptions • Magic Bullet
The Push and Pull Reporting Company Regulatory Body • More Information • Openness • Reduced Pain • Disparate Systems • Cost of Compliance
Direct2APRA Last Mile D2A [XBRL] Financial Institutions
XBRL Magic Bullet … NOT Completed Reports People Physical Reports Data
APRA Solution • APRA Connect • Excel to XBRL conversation [ Walk Through ]
What you should do • Publish Taxonomies • Work with vendors • Encourage a panel • Workshops • Road Maps • Provide API’s • Provide Webservices • Provide Test and Production Environments