The Standard Business Report Model (SBRM) is a standardization initiative launched under the aegis of the Business Modeling & Integration Domain Task Force at the end of 2018. The purpose of this wiki is to support the work of people involved in this, who de facto constitute a Working Group (OMG Policies & Procedures do not strictly specify how a working group is formed or governed), and to communicate that work to a broader audience, both within and outside of OMG.
The rationale for the creation of SBRM is that the XBRL language (and “inline XBRL”) define a standard for a machine-readable format of a business report, but do not specify standard semantics. For example, a valid XBRL file does not have to be balanced – the sums of assets and liabilities of a company are not necessarily equal. A semantically complete standard would allow the report designer to express that a certain value must be equal to the sum, difference, product, or ratio of some other items contained in the report; or that a certain item cannot be blank if another item has a negative value; etc.
Further, the creation of SBRM responds to the needs of various regulatory agencies, sometimes codified in various legislative acts of countries, states or provinces, to provide reports that are devoid of basic errors – up to and including reports that “do not add up.”
| The OMG Standard Business Report Model (SBRM) Working Group was formed to lead the work to solicit and adopt specifications for a common report metamodel, an ontology, and other related specifications it will deem necessary to advance the state of digital business reporting.
The SBRM WG will pursue its objective through the creation of discussion papers, the preparation of an RFP, and the submission of specifications for evaluation and adoption. The SBRM WG will work in close cooperation with other OMG subgroups, including but not limited to the Business Modeling and Integration Domain Task Force (BMI DTF) and the Finance Domain Task Force (FDTF), to pursue successful technology adoption according to OMG Policies & Procedures.
The Standard Business Report Model shall address the broader reporting needs of the business community, not limited to the financial domain or to U.S. organizations, laws and regulations.
The SBRM WG will leverage its members’ connections with various organizations, including government authorities worldwide and other standards groups, in promoting the adopted technologies in order to generalize and streamline digital business reporting.
The WG will consider the following in its work:
* The existing work and body of knowledge related to the eXtensible Business Reporting Language (XBRL), so that business reports that conform to the model can be expressed in the XBRL and Inline XBRL syntaxes.
* Existing and upcoming OMG standards such as the Ontology Definition Metamodel (ODM), the Unified Modeling Language (UML), the Business Architecture Core Metamodel (BACM), and others.
* The report requirements embodied in various laws and regulations, such as (but not limited to) the U.S. DATA Act of 2014 and the U.S. Government Accountability Office (GAO) Report 18-138.
* The need for business professionals to understand the documentation provided for the model such that they can effectively verify the accuracy of the model.
Here is a summary of the timetable of the SBRM effort:
OMG members can find more details (such as the list of submitters of Letters of Intent, or the list of voters) on OMG's SBRM Work in Progress page.
The original members of the Working Group were, in alphabetical order of last names:
Additional participants in 2023 (barring any omissions) include:
* names followed by an asterisk are people who are registered as editors of this wiki
The SBRM Working Group met weekly by teleconference during the first half of 2019.
A presentation on SBRM, and vote to issue the RFP, took place at the OMG Technical Meeting week in Amsterdam, NL, on Wednesday, June 19, 2019.
The following meetings were held during the summer of 2023:
The RFP is available as OMG document bmi/2019-06-04.
A status report on the progress of the submission was given at the September 2019 meeting (Nashville).
A data sheet summarizing SBRM was created in April 2019.
An Overview of SBRM was created by Charlie Hoffman. It consists of 9 parts: Terms, Axioms, Associations, Narrative, Primer, Method, Technical, Examples, Conformance Suite.
Other important documents are:
In parallel with the SBRM effort, OMG responded in Q2 2019 to a request from the drafters of the 2019 U.S. Financial Transparency Act for a definition of eleven terms related to financial reporting. Members of the Financial Services DTF, Government DTF, and Business Modeling & Integration DTF collaborated to produce these definitions. See more details on the Financial Services DTF wiki.
This effort was not directly related to the SBRM specification, but is mentioned here because of the connections between FTA/FDTA and SBRM – even though it bears repeating that SBRM is not meant to address only the needs of financial reporting.
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Participants who represent an OMG member company can be provided upon request with accounts to edit this wiki directly. Please contact Claude Baudoin for help. This wiki is based on the Dokuwiki platform, which has a different markup language from Mediawiki (the Wikipedia platform). See the Dokuwiki syntax before attempting more than simple plain text edits.
Non-OMG members can submit a proposed wiki addition or change to one of the OMG members for posting. The post may be edited for clarity, consistency, spelling, etc. Submissions that are questions or discussion points will be placed in the Discussion section at the bottom, which is only visible to members.
OMG: Standard Business Report Model (Data Sheet)
Additional references below are publications of organizations and individuals independent of OMG, and are not official endorsements of the contents by OMG.
XBRL International: Extensible Business Reporting Language (XBRL) 2.1
XBRL International: Inline XBRL 1.1
XBRL International: XBRL Formula Specification
Hoffman, Charles, and Raynier van Egmond: Method of Implementing a Standard Digital Financial Report Using the XBRL Syntax
Hoffman, Charles: Modern Approach to Creating a Financial Reporting Scheme
Hoffman, Charles: Digital Financial Reporting Manifasto. The Manifesto proposes to the institution of accountancy and the global community of professional accountants that an option can and ought to exist to express a general purpose financial report digitally. This web page summarizes the critically important information to help professional accountants think about this topic.
Araújo de Santana, A.R., Paulo Caetano da Silva, Márcio A. Pereira da Silva, and Maurício Codesso: xAudit: Auditing Representation in XBRL Based Documents