PROGRESS REPORT€¦ · 15/05/2007 · Small and Medium-sized Enterprises (SME’s) to Large...
Transcript of PROGRESS REPORT€¦ · 15/05/2007 · Small and Medium-sized Enterprises (SME’s) to Large...
XBRL International, Inc www.xbrl.org
XBRL International
PROGRESS REPORT — MAY 2007 “TRANSFORMING BUSINESS REPORTING”
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About XBRL 4
Highlights 5
16th XBRL International Conference Coming Soon: hosted by XBRL Canada in Vancouver December 4-7 2007.
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15th XBRL International Conference: “Integrating Business Reporting- From SME’s to Large Companies” 5
MAJOR XBRL PRODUCT ANNOUNCEMENTS MARKED THE OPENING OF THE 14TH XBRL INTERNATIONAL CONFERENCE - “Interactive Data: The Revolution of Business Reporting”
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The DUTCH TAXONOMY PROJECT 7
FDIC PROJECT REPORT 7
XBRL IBEROAMERICA ACTIVITIES REPORT 9
XII ANNOUNCES NEW PROVISIONAL JURISDICTION: LUXEMBOURG 10
US GAAP Taxonomy Project Update 11
XBRL International Steering Committee approves the XBRL Global Ledger Framework as an XBRL RECOMMENDATION
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CANADA SECURITIES REGULATORS LAUNCH XBRL VOLUNTARY FILING PROGRAM 12
MICHAEL OHATA OF MICROSOFT ELECTED CHAIRMAN OF XBRL INTERNATIONAL STEERING COMMITTEE 13
CHARLIE HOFFMAN RECIEVES AWARD OF PIONEERING XBRL 13
XBRL Jurisdiction Reports
AUSTRALIA 15
BELGIUM 15
CANADA 16
GERMANY 16
INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE FOUNDATION (IASC Foundation) 17
IRELAND 18
JAPAN 18
KOREA 19
NETHERLANDS 20
SPAIN 20
UK 22
UNITED STATES 23
Provisional Jurisdiction Reports
DENMARK 24
FRANCE 24
LUXEMBOURG 24
POLAND 25
SOUTH AFRICA 25
SWEDEN 26
THE UNITED ARAB EMIRATES (UAE) 26
XBRL Vendor Updates* 27
Current XBRL Members 31
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XBRL International Progress Report – May 15, 2007
“Integrating Business and Financial Reporting Worldwide”
XBRL International (XII) is a not-for-profit consortium of approximately 500 companies, associations, and agencies in 22 jurisdictions worldwide working together to build the XBRL language and promote and support its adoption. Members of XBRL International are involved in providing or using business information. They cover:
Professional Services and Consulting Companies
Financial Services and Information Providers
Software and other Technology Providers
Government and Not-for-Profit Organizations
Accounting and Trade Organizations
The ten most important reasons to adopt XBRL internally and externally are:
Improve financial reports usability
Improve Business Processes
Increase Data Quality
Free Up Resources for Data Analysis
Compress Time to Publish Data
Lower Cost for Capturing Data
Flexible, Extensible and Comprehensive Data Collection
Reuse Data
Automated Exchange of Data
Open Standard, Free of License Fees
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Highlights
16th XBRL International Conference Coming Soon: hosted by XBRL Canada in Vancouver December 4-7 2007.
Please watch www.xbrl.org for further announcements.
15th XBRL International Conference: “Integrating Business Reporting- From SME’s to Large Companies”
The 15th XBRL International conference produced by XII and XBRL Germany June 4-6, 2007 in Munich, Germany will feature a full roster of Internationally renown Keynote speakers from industry and government who have once again agreed to lead off the conference on Monday followed by the 3rd German XBRL Symposium and four International Tracks on Tuesday.
As suggested by the title of the conference, “Integrating Business Reporting Worldwide: from Small and Medium-sized Enterprises (SME’s) to Large Companies”, XBRL International conference planners and leaders will bring to conference attendees, real- world State of the Art Demonstrations and Implementations on how XBRL improves business reporting, cost and efficiency in businesses of every size.
An ever increasing number of XBRL adoption projects are underway in Europe such as: the National Taxonomy Project Netherlands, the Stock Exchange of Spain, the German Register, the Banking Supervisory in Spain, COREP, FINREP, Belgium, and many others. Project leaders and Industry experts will be featured to share lessons learned and world wide best practices in XBRL implementation and taxonomy development. Never has there been a more important or opportune time to position your company or organisation in a first-to-know, first-to-market position.
Riding the wave of excitement of the 14th XBRL International conference held in North America last
year, the conference planners have taken education and demonstration of XBRL as the World Standard in Business and Financial Reporting to the next level.
MAJOR XBRL PRODUCT ANNOUNCEMENTS MARKED THE OPENING OF THE 14TH XBRL INTERNATIONAL CONFERENCE - “Interactive Data: The Revolution of Business Reporting”
5 December 2006, A set of major XBRL product announcements marked the opening of the 14th XBRL International Conference in Philadelphia on 4 December.
New products released at the conference included new taxonomy building software, solutions for XBRL conversion, rendering and publishing, XBRL add-ins for Microsoft Excel, software to enable specialised reports based on XBRL data and improved analysis capabilities for the EDGAR Online XBRL database of more than 11,000 companies.
The US Securities and Exchange Commission (SEC) also made available a preview release of its Interactive Financial Report Viewer, which enables users to interact with XBRL filings made as part of the SEC’s Voluntary XBRL Filing Program.
Cartesis and Perception Partners meanwhile released a report saying that XBRL enhances Performance Management applications and offers immediate external benchmarking business benefits.
More detailed information on press releases by XBRL International members is available at http://www.xbrl.org/PressReleases/ and latest news is at http://www.xbrl.org/LatestNews/. Press releases at the opening of conference, or in the days leading up to the event, included (in alphabetical order by organisation):
Allocation Solutions announces release of two XBRL software tools
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Allocation Solutions LLC, a developer of innovative XBRL software systems, announced the release of DataXchanger and DX Express, two XBRL conversion, rendering, validation, and publishing software solutions.
CoreFiling announces SpiderMonkey - a new taxonomy editor
CoreFiling Limited announced a new and sophisticated interactive data development environment, SpiderMonkey. CoreFiling said the product has been hailed by initial testers as a major advance in the field and that it is the first taxonomy editor with integrated revision control, multi-user support and public review capabilities.
EDGAR Online announces new version of I-Metrix product
EDGAR Online Inc has announced a new version of its I-Metrix™ product. I-Metrix 2.0 is the first platform to combine an XBRL database of over 11,000 companies with new powerful analytical capabilities designed to leverage the unique benefits that XBRL technology can provide.
Hitachi America launches Xinba™ 2.0, an XBRL add-in for Excel
Hitachi America, Ltd. XBRL Business Unit, which develops and delivers XBRL solutions for corporate and government customers, announced Xinba™ 2.0 Reader and Analyzer, a desktop-based Microsoft® Excel® add-in that gives users the capability to import, open, and manipulate XBRL financial information directly in Microsoft Excel, a standard for financial and numerical communications within the enterprise.
Information Builders introduces adapter for XBRL documents
Information Builders has expanded the data integration capabilities of its WebFOCUS product through the addition of an XBRL adapter. The XBRL Adapter enables WebFOCUS to report against XBRL documents located locally or on the Web. The new
adapter integrates with the WebFOCUS Financial Reporting platform giving users the ability to create, schedule, distribute, and run parameterized financial reports.
JustSystems announces XBRL-based financial solution
JustSystems, Inc., a leading global enterprise software company, announced plans to launch its new xfy XBRL Solution. Designed to provide organizations with major benefits in the preparation, analysis and communication of financial information, the xfy XBRL Solution will enable more accurate and less expensive financial reporting, and firmly supports the company’s ongoing investment and commitment to the open, standards-based community.
Rivet Software to open source Dragon View XBRL Viewer
Rivet® Software, a leader in interactive business software solutions, announced plans to release its Dragon View® XBRL viewer application in open source to further drive software innovation and adoption. It also announced an update to its i-Fi™ Suite of interactive Financials applications designed to leverage the full potential of XBRL and interactive data.
Preview release of the SEC’s Interactive Financial Report Viewer
The US Securities and Exchange Commission (SEC) has made available a preview release of its Interactive Financial Report Viewer. The Viewer enables users to interact with XBRL filings made as part of the SEC’s Voluntary XBRL Filing Program. The SEC's disclaimed on the application is at http://www.sec.gov/spotlight/xbrl/xbrlwebapp.htm and the viewer itself is at http://69.56.156.236/viewer.
UBmatrix to Open Source its XBRL Processing Engine
UBmatrix, a leading provider of XBRL-enabled software, has announced plans to Open
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Source its XBRL processing engine software code by the end of the year. While the company will continue to offer customers a commercial version of the UBmatrix™ Processing Engine that is fully supported, scalable, and maintains continued compliance with XBRL International specifications, UBmatrix will contribute source code from its publicly-released Java version shipped last July to a new Open Source project on SourceForge.net.
The release by Cartesis on the report on XBRL and Performance Management applications is at http://www.marketwire.com/mw/release html b1?release id=190517.
The DUTCH TAXONOMY PROJECT
The Dutch Government is currently working towards the large scale usage of XBRL for the electronic exchange of information between business and government bodies started as of 1 January 2007.
This project is being considered as producing the largest benefits of all projects in a government program aimed at reducing the administrative burden on companies with 25 percent.
Unique to this project is the close co-operations between the businesses and the government. In June 2006, this co-operation was formalized in a covenant. At this moment, the covenant has 84 covenant parties including the main organization representing industry and employer, including the small and medium businesses, organizations representing accountants and tax consultants as well as market leaders of software suppliers. February 2007 the Dutch Taxonomy Project released version 1.1 of the Dutch taxonomy which enables the electronic exchange of XBRL data regarding the obligatory filing of annual accountant, tax declarations and economic statistics of 600.000 businesses.
At this moment the use of XBRL is not mandatory. In 2007 the Dutch Government has started to see if XBRL can be used successful in other information supply chains where information need to be exchanged, like agriculture, healthcare and
education. The project also developed a first draft of an extension taxonomy which can be used by the banks to exchange information related to Basel 2. Another project is the simplification of the financial statements of SMEs’, which makes it easier to compilate financial statements using XBRL.
Several countries are interested in using the Dutch model. Australia already adopted the Dutch approach as it is also targeting for XBRL data flows.
More information about the project can be found at www.xbrl-ntp.nl/English.
FDIC PROJECT REPORT
Project Name: FFIEC Call Report Modernization Project
Country Name: United States
Taxonomy Development: Custom developed its own taxonomy due to undeveloped GAAP taxonomies and to solve its own unique business needs
Special points of interest: Created and extended the use of the formula link base used to validate data and to provide business rules
Contact Information: Jon Wisnieski, [email protected], 202-898-3846
Additional Information: http://www.ffiec.gov/find
FFIEC successfully implements XBRL into their data collection process
The introduction of XBRL for bank reporting in the United States has proved a major success. Approximately 8,000 banks have been filing quarterly “Call Report” data in XBRL since October 2005. Banking regulators, members of the Federal Financial Institutions Examination Council, say their Central Data Repository System (CDR), which utilizes XBRL, has provided major benefits in increased agility, earlier data accuracy, and greater process efficiency. U.S. banking regulators are evaluating whether XBRL may be applicable for internal
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business processes and the reporting of other data series. This project has demonstrated the large scale viability of various XBRL features, including the use of complex formulae to validate data. It has also shown how software vendors unfamiliar with XBRL can successfully and profitably implement XBRL in their products.
Key features of the FFIEC’s use of XBRL
Collaboration between three banking regulators representing the Federal Financial Institutions Examination Council (FFIEC) was successful in transforming the business process to collect quarterly financial data (Call Reports) from banks using XBRL.
Prior to the introduction of XBRL, Call Report information was provided in a variety of different formats, including PDF, MS Word, and MS Excel. Under the previous system, reporting banks and their supporting software vendors had to interpret the Call Report requirements which could be an inefficient and costly process.
In light of inefficiencies with the old process, the agencies turned to XBRL as a means to better manage and disseminate Call Report metadata to software vendors and banks.
The agencies redesigned the entire quarterly reporting process through the Call Report Modernization Project which took an open, collaborative approach and involved Call Report software vendors in the implementation of requirements.
The use of XBRL as the basis of the new CDR system provides the agencies with an efficient means of defining and communicating changes in the data required through changes in its taxonomy.
The new system makes extensive use of formulae expressed in XBRL files to enable submitting banks to validate their information, significantly reducing the number of errors.
The CDR receives information in XBRL Instance Documents and provides regulatory agencies and the public with efficient access to Call Report information.
Results
The agencies found the use of XBRL in their new Call Reporting process produced a range of measurable benefits as well as qualitative enhancements. The
new process provides accurate data more quickly, improving decision making, and has greatly reduced the effort involved in validation and related manual tasks, saving costs by boosting efficiency. It has improved business processes, providing a flexible and scalable system which is easier to manage, as well as delivering much stronger analytical capabilities. Key measurable benefits included:
Data quality—under the new XBRL system, 100% of bank filings met requirements for mathematical accuracy and 95% met other quality requirements. The comparative figures under the old system were 70% and 66%.
Faster data inflow—banks now begin filing within hours of the start of a filing period rather than weeks later. This reflects the fact that they are now able to respond to reporting requirements more quickly and ensure data accuracy more easily.
Increased productivity—FDIC analysts can now cover 550-600 banks compared with 450-500 previously, an increase in productivity of approximately 20%, reflecting improved data quality and analytical capability.
Faster data access—data is now available for use within a day of receipt, compared with several days under old, cumbersome validation processes. Quicker release enables faster and better informed decision-making by agencies and the public.
Improved control of reporting—XBRL enables changes in reporting requirements to be communicated and adjustments made by the reporting community within minutes or hours, compared with days or weeks under the old system which required significant manual intervention.
Next steps
The agencies are encouraged by the results of the CDR and XBRL to collect Call Report data and are evaluating the use of the CDR to collect other data series. A consistent and reliable flow of data will ultimately improve the financial collection and reporting processes within the FFIEC agencies. The agencies are communicating their experience with the CDR and XBRL through white papers and government briefings.
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XBRL IBEROAMERICA ACTIVITIES REPORT
Introduction
One of the main objectives of open standards is to evolve around the world. The main concerns that financial community is been faced in USA, Asia and Europe are also the concerns in other regions of the world where economic models are following global rules. The growing adoption of international accounting standards in development countries and the global trade commerce with industrialized countries are underpinning the adoption and developments of open standards like XBRL.
XBRL Iberoamerica Activities
XBRL Seminar
Mexico City, March 26th – 27th, 2007
Assistants:
Colombia Ministry of Finance Argentina Central Bank Brazil Central Bank
Banking and Financial Institutions Authority of Chile
Financial Institutions Authority of Costa Rica Financial Service Authority of El Salvador Guatemala Central Bank Honduras Central Bank
Banking and Securities Commission of Mexico
Nicaragua Central Bank Paraguay Central Bank Republica Dominicana Central Bank Centrale Bank van Suriname Bank of Spain XBRL Spain
XBRL On-line Course:
XBRL and the Stock Exchanges Market
XBRL On-line course for 30 Latin-America Securities Supervisors in its 1st edition and coordinated by the Iberoamerican Securities Institute. The faculty staff is composed Supervisors (Spanish Securities Commission and Bank of Spain) as well as private institutions members of XBRL Spain.
Participant Organisations:
Panamá Securities Commission Ecuador Financial Service Authority Brazil Securities Commission Costa Rica Securities Commission Portugal Securities Commission Nicaragua Banking and Financial Authority
Colombia Banking and Securities Commission
Argentina Central Bank Venezuela Securities Commission Chile Banking Institutions Authority
XBRL Iberoamerica Initiatives
The growing adoption of XBRL around the world is strongly impacting Banking, Financial Institutions and Regulators in several Latin-American countries. XBRL Spain has been collaborating with a number Latin-American financial institutions and also establishing a communication and collaboration network to foster the adoption of XBRL in Iberoamerica.
Projects in sight:
(1) Name: Argentina Central Balance Sheet Office Organisation: Argentina Central Bank Objective: XBRL as a standard for financial information exchange at the Argentina Central Bank Central balance sheet project.
(2) Name: Financial Information Exchange Integrated System Organisation: Colombia Ministry of Finance Objective: XBRL as the main standard for Colombia national public budget at the main financial information system managed by Colombia Ministry of Finance.
(3) Name: Brazil Central Bank SPED Project Organisation: Brazil Central Bank
XBRL Iberoamerican Working Network:
Establishing an XBRL Working Network in Iberoamerican countries is one of the main activities undertaken by XBRL Spain to promote the development of the standard, with this idea in mind, XBRL Spain has been working closely with Academic research groups, keeping in contact with the main
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stakeholders in public and private companies who belong to the financial information supply chain in each country.
Also we have been experiencing the increase of XBRL events, seminars and workshops around XBRL and in which different members of our Jurisdiction have been participating.
XBRL SPAIN/IBERO AMERICA Collaboration Network:
Academic
(1) Bucaramanga Autonoma University. Academic research team established and part of the XBRL Spain activities in Colombia.
(2) Pernambuco University (Brazil) XBRL Spain was contact by an academic research group at the Accountant and Business Administration faculty.
Financial
(1) Banking and Financial Institutions of Perú
(2) Panamá Ministry of Economy
(3) Iberoamerica Monetary Secretary Request for a XBRL Seminar mid-June
(4) Bolivia Chamber of Commerce Bolivian GAAP Project
Next Events
(1) Brazil Banking Association (FEBRABAN) XBRL Course (www.febraban.org.br) Course Name: XBRL (Private course) Objective: Problems in the exchange of financial information. The advantages of XML. XML financial standards: XBRL. World analysis of XBRL and the current state of XBRL in Brazil. Speaker: Paulo Caetano da Silva [email protected] Date: May 14th – 18th, 2007. (Brazil)
(2) XBRL Course: “XBRL and the Stock Exchanges Markets”
Organization By: Iberoamerican Securities
Institute CEDDET
Spain Agency for International Collaboration [Ministry of Foreign Affairs]
Collaboration By: Spain Securities Commission Bank of Spain XBRL Spain Date: May 8th – 9th, 2007. Santa Cruz de la Sierra (Bolivia)
(3) XBRL Latin-America Seminar Colombia 2008
XII ANNOUNCES NEW PROVISIONAL JURISDICTION: LUXEMBOURG
Luxembourg was approved as a Provisional XBRL Jurisdiction following strong interest in the use of XBRL by the National Bank and other leading organisations. XBRL Luxembourg is championed by the Luxembourg Bankers' Association, who will be the driver of the XBRL standardisation in Luxembourg.
The setting up of the jurisdiction, approved by the XBRL International Steering Committee (ISC), in March 2007 will enable Luxembourg to better to recruit local XBRL members and progress the use of the electronic language.
The following ten organisations of the financial centre have created the “XBRL Luxembourg jurisdiction”:
1. Commission de Surveillance du Secteur Financier (CSSF), 2. Banque Centrale du Luxembourg (BCL), 3. Commissariat aux Assurances (CAA), 4. Association des Banques et Banquiers, Luxembourg (ABBL), 5. Association Luxembourgeoise des Fonds d’Investissement (ALFI), 6. Association des Compagnies d’Assurances, Luxembourg (ACA), 7. Institut des Réviseurs d’Entreprises (IRE), 8. Ordre des Experts Comptables (OEC),
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9. Service Central de la Statistique et des Études économiques (STATEC) et 10. Société de la Bourse de Luxembourg S.A. (BdL).
To learn more about XBRL Luxembourg or if you wish to participate contact the General Secretary, Marc Hemmerling at [email protected]. (Please see Jurisdiction Reports for more information)
US GAAP Taxonomy Project Update
The Securities & Exchange Commission (SEC) has contracted with XBRL US, Inc. to build out the US GAAP taxonomies. The contract was signed in March and has a completion date of Q4 2007. The Project Team is headquartered at the SEC offices in the World Financial Center, New York, NY and is comprised of XBRL US staff, the to six accounting firms and other important subject matter experts.
The Project Team is currently developing new content, creating a collaborative taxonomy development environment, and focusing on systems, personnel and processes to ensure full market participation and usability for an expected Q4 2007 completion. Recent highlights include:
XBRL US initiated a dialogue with the XBRL Working group of the CFA Institute, the preeminent global organization for financial analysts. Step one for this group will be to provide valuable insights into the general business requirements including the structure and element coverage. A kick-off meeting was held on April 26 where XBRL US was given the opportunity to present the plan. A detailed business requirements survey was delivered to the Working Group for their input.
A task force of SEC VFP (SEC Voluntary XBRL Filing Program) participants was organized with individuals from Pepsi, ENGlobal, e*Trade, South Financial Group, Pfizer, United Technologies, Ford Motor Credit and Ford Motor Company,
as well as 3M. During the kick-off call this week, the group was asked to provide the Project Team with their top issues in instance document creation and to also help out with education and outreach. The goal is to gather input for content integration and testing phases, but also to get their involvement in the education effort with a goal of expanding participation in the SEC VFP.
The Project Team is also working with the FAF/FASB to coordinate their GAAP review of the taxonomies.
The taxonomy management system, hosting vendor and issue tracking systems for the Project Team have been put in place for developing, reviewing and collecting feedback on the taxonomies.
To date the Project Team has involved over 70 people, mostly from the accounting industry, with input and support from the technology community and key stakeholders - public companies, financial analysts, etc.
Our goal is to build up a groundswell of support for the SEC VFP over the course of this year and have put programs in place to ramp up the general outreach including creating a series of webinars on how to get started in the SEC VFP, as well as outreach specific to key associations such as the CFA Institute, FEI (Financial Executives International), NIRI (National Investor Relations Institute), the AICPA, IMA and others. A Market Outreach Working Group has been established to coordinate these efforts.
For more information contact Rob Blake, VP Domain and Taxonomies at [email protected]
XBRL International Steering Committee approves the XBRL Global Ledger Framework as an XBRL RECOMMENDATION
17 April 2007, The Global Ledger Framework is intended to enable the efficient handling of financial and business information contained within an organisation. It allows the representation of data found in charts of accounts, journal entries or historical transactions. It enables the data to be
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gathered across disparate accounting systems, analysed and used efficiently and cost-effectively.
A description of the Global Ledger Framework is available at www.xbrl.org/GLTaxonomy/ and its files are at www.xbrl.org/GLFiles/.
XSB approves the granting of Acknowledged status to the IFRS-GP taxonomy effective 2007-01-24.
The IFRS-GP taxonomy is intended to allow profit-oriented entities to prepare XBRL-based financial statements according to IFRS. This includes, but is not limited to, consolidated publicly listed entities, parent entity financial statements, and non-consolidated entities.
XSB approves the granting of Acknowledged status to the Canadian taxonomy update effective 2007-01-24.
The Canadian taxonomy provides accounting terms that are used in general purpose financial statements that are prepared in accordance with Canadian Generally Accepted Accounting Principles. This taxonomy is an update of the previously acknowledged Canadian PFS Taxonomy of 2004-11-20 to incorporate changes in accounting standards in the intervening period and to improve documentation.
CANADA SECURITIES REGULATORS LAUNCH XBRL VOLUNTARY FILING PROGRAM
http://www.osc.gov.on.ca/Media/NewsReleases/2007/nr 20070119 csa-xbrl-launch.jsp
JANUARY 19, 2007, Toronto - The Canadian Securities Administrators (CSA) have launched an XBRL voluntary filing program. CSA Notice 51-323 XBRL filing program and request for volunteers outlines how issuers can voluntarily file financial statements in XBRL format. XBRL is a relatively new business reporting language that is emerging as an international standard for communicating business and financial data. The basic concept of XBRL is that it attaches standardized electronic “tags” to elements of information that provide information about what the item represents.
In 2006, the CSA conducted a survey to assess the awareness of XBRL in the marketplace and the interest in an XBRL filing program. “The feedback we received from the marketplace indicated that about half of the respondents have some understanding of XBRL and a significant number are in favour of an XBRL filing program,” said Jean St-Gelais, Chair of the CSA and President & Chief Executive Officer of the Autorité des marchés financiers (Québec). “With this voluntary filing program, we hope to increase the level of practical knowledge in the Canadian marketplace of this new technology and gain a greater understanding of the potential of XBRL.”
The XBRL filing will not replace the official PDF filing that is required by securities regulators, but will be additional information made available to the public through the System for Electronic Document Analysis and Retrieval (SEDAR) website.
“We invite issuers to join the voluntary filing program. We are committed to learning more about technologies that can help improve efficiency in our marketplace,” said St-Gelais.
CSA Notice 51-323 XBRL filing program and request for volunteers is available on the websites of several CSA members. Issuers interested in joining the voluntary filing program should contact one of the CSA staff members listed in the notice.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
For more information:
Carolyn Shaw-Rimmington Ontario Securities Commission 416-593-2361
Andrew Poon British Columbia Securities Commission 604-899-6880
Tamera Van Brunt Alberta Securities Commission 403-297-2664
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Ainsley Cunningham Manitoba Securities Commission 204-945-4733
Frédéric Alberro Autorité des marchés financiers 514-940-2176
MICHAEL OHATA OF MICROSOFT ELECTED CHAIRMAN OF XBRL INTERNATIONAL STEERING COMMITTEE
18 December 2006, Michael Ohata, Senior Director of Reporting Standards for Microsoft Finance, has been ratified as the new Chair of the International Steering Committee (ISC) of XBRL International (XII) with effect from 6 December 2006.
He takes over from Kurt Ramin, XBRL Team Leader at the International Accounting Standards Committee Foundation (IASCF), who is retiring as chair after serving the maximum term.
Mr Ohata was previously Chair of the XBRL International Standards Board (XSB), which is charged with managing the production of XII technical materials and strengthening their quality. He took a leading role in helping to set up the XSB in March 2006 and driving forward its initial work, including the establishment of a roadmap setting out main XII technical activities and priorities.
The XBRL International Steering Committee governs XII. It has similar authority and powers to a Board of Directors at a normal company.
“The International Steering Committee is keenly aware that there has been broad geographic adoption of XBRL, especially by regulators who are working to standardize reporting technologies,” said Mr Ohata. “The committee and I are dedicated to ensuring that XBRL International functions as a predictable and professional financial reporting standards organization. In the coming year we will continue to focus on various XBRL implementation projects helping to bring the widespread adoption of XBRL standards closer to a reality.”
John Turner, Chief Executive of CoreFiling, takes over from Mr Ohata as XSB Chair. Mr Turner has long
experience in XBRL projects and is an existing member of both the XSB and ISC.
CHARLIE HOFFMAN RECIEVES AWARD OF PIONEERING XBRL
14 December 2006, Charlie Hoffman, who conceived the idea of XBRL, has received the American Institute of Certified Public Accountants' (AICPA) Special Recognition Award for his pioneering work in proposing and helping to develop the language.
Mr Hoffman, currently Director of Industry Solutions-Financial Reporting at UBmatrix, started investigating how XML could be used for electronic reporting of financial information in 1998 while working as a CPA with the firm Knight Vale and Gregory in Tacoma, Washington. He proposed the idea to the AICPA High Tech Task Force and eXtensible Business Reporting Language (XBRL) was born.
Mr Hoffman and other accounting and technical experts worked together on initial prototypes and business plans for XBRL under the auspices of the AICPA. Since the creation of the XBRL International (XII) consortium, he has continued to play a leading role in helping to develop and promote the standard. As well as serving on key XBRL working groups and being formally recognised as a contributor to the XBRL Specification and other XII technical documents, Mr Hoffman has published a number of books on XBRL and travelled widely to explain the benefits of the language.
“Charlie has lived and breathed XBRL since the late 1990s and truly deserves this recognition," said Sunir Kapoor, UBmatrix President and CEO. "The endorsement the AICPA award represents is noteworthy, both in terms of Charlie's efforts, and to XBRL as a game-changing technology. The accounting profession - indeed business reporting in general - will never be the same."
Accepting the award, Mr Hoffman emphasised the teamwork which was contributing to the success of XBRL.
"People call me 'the father of XBRL', but I like to refer to myself as the guy who did the obvious. I
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was in the right place at the right time, with the right set of skills," he said.
Mr Hoffman’s books include "XBRL Essentials", a non-technical introduction to XBRL and "Financial Reporting Using XBRL: IFRS and US GAAP Edition", a guide for accountants in using XBRL. His
contributions to XBRL International documents are extensive; they include the co-authorship of the XBRL International’s Financial Reporting Taxonomy Architecture (FRTA) document which guides the creation of taxonomies.
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XBRL Jurisdiction Reports
XBRL is growing quickly around the world with increasing participation from individual countries and international organisations. XBRL International is comprised of jurisdictions which represent countries, regions or international bodies and which focus on the progress of XBRL in their area
The consortium is comprised of over 500 companies, associations, and agencies in 22 jurisdictions worldwide along with increasing activity in working together to build the XBRL language and promote and support its adoption. XII welcomes Luxembourg and Italy who were approved as Provisional Jurisdictions First Quarter of 2007. (Italy was approved after final production deadlines for this report)
ESTABLISHED JURISDICTIONS
AUSTRALIA
The main activity in Australia has been on the taxonomy development and transitioning the jurisdiction from its start up and development phase. Much of the awareness battle has been won and Australia now looks to the new challenges of maintaining the momentum as XBRL takes hold with new business models, skill sets and resources. The Board has investigated the options in this regard and will report in the very near future on a plan to take XBRL Australia forward.
For more information about XBRL Australia, please visit www.xbrl.org.au or contact:
Trevor Pyman CEO – XBRL Australia Limited +61 403 76 73 76 [email protected]
Paul Phenix XBRL Australia ISC Representative Australian Stock Exchange +61 3 9617 8646 [email protected]
BELGIUM
XBRL Belgium became an Established Jurisdiction on 15 July 2006 and is still hosted by the National Bank of Belgium.
Projects
The Belgian jurisdiction continues to make progress on XBRL development and adoption, particularly in the regulators' environment.
The National Bank of Belgium is involved in two important projects:
The final version of the Belgian taxonomy be-fr-pfs-ci-2006-10-01 was published in October 2006. This taxonomy is based on the Belgian GAAP and will be used by non-financial companies for the drawing up of their statutory annual accounts to be filed with the National Bank (Central Balance Sheet Office - CBSO) in the form of XBRL-instance documents as from April 2007. It will be totally transparent for the final user through the use of an Internet application "free of charge" allowing him to fill in and to validate its annual accounts before filing it.
The National Bank of Belgium and the Banking, Finance and Insurance Commission (BFIC) has developed a Belgian taxonomy, reflecting the national regulatory IFRS reporting scheme. The taxonomy was created as an extension of the IFRS taxonomy of the IASCF and has been used since January 2006 for the consolidated regulatory reporting of credit institutions. The first reports were received in June 2006.
People from National Bank of Belgium and from BFIC(CBFA) are also deeply involved in the FINREP and COREP projects.
The Directorate-general Statistics and Economic information (former National Institute for Statistics) is currently involved in a study to develop an XBRL application allowing companies to fill in surveys about their structure, using data from annual accounts. This project is linked with Eurostat and is due to be finalized this year.
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Jurisdictional leader: Luc Dufresne, Chair XBRL Belgium Microeconomic Information, National Bank of Belgium .
For more information on XBRL Belgium, please visit: www.xbrl.be or contact:
Camille Dümm [email protected] Central Balance Sheet Office National Bank of Belgium Boulevard de Berlaimont 14 B - 1000 Brussels, Belgium Phone : +32 2 221 25 52 Fax : + 32 2 221 32 66
CANADA
The Investment Dealers Association of Canada has recommended a new regulatory reporting system which would be totally electronic, using XBRL and based on a "access equals delivery" model. The Canadian acknowledged taxonomy for primary financial statements was updated and released in 2006 and formally re-acknowledged inclusive of ) early 2007. (See highlights section of the report
For more information, please visit the XBRL Canada web site at www.xbrl.ca or contact:
William Swirsky Chair, XBRL Canada c/o Canadian Institute of Chartered Accountants 77 Wellington Street West Toronto Canada M5V 3H2 [email protected] Tel: +1 416-204-3313
GERMANY
April 30, 2007
Bundesanzeiger (the German public register for company information including annual reports) started their new procedure of electronic filing. Beginning January 2007, they are accepting XBRL reports based on either German GAAP or IFRS taxonomy. In fact, XBRL is the favoured input format, which is promoted by low fees.
XBRL Germany launched a new release of the German GAAP taxonomy in December 2006 in order to update the prior version in terms of content and to enhance it in technical matters. This taxonomy is representing the German set of relevant regulations (German Commercial Code / “Handelsgesetzbuch” along with other laws and rules), which are mandatory for all German business entities (irrespective of IFRS being compulsory in certain cases as well).
Current version of taxonomy German GAAP being completed, XBRL Germany started a new project to supplement such taxonomy with a module specifically designed for financial reports of financial institutions in Germany. In addition to the general rules of recognition and measurement according to the German Commercial Code, banks have to comply with more specific regulations to present and structure their figures when disclosing them.
A new book about XBRL (in German) written by Norbert Flickinger was published in May 2007. The volume is titled “XBRL in der betrieblichen Praxis” (“XBRL in business practice”) and is focussing on non-technical people that want to understand XBRL and desire guidance for practising XBRL either as preparer, consumer, or service provider. Kurt Ramin and the Board of XBRL Germany supported the work by contributing prefaces and opening remarks.
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For more information on XBRL Germany, please visit www.xbrl.de or contact:
Norbert Flickinger c/o XBRL Deutschland e.V. Am Bonneshof 35 (KPMG Building) 40474 Duesseldorf, GERMANY Phone: +49-700-35425464 [email protected]
INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE FOUNDATION (IASC Foundation)
In 2006, the IASC Foundation launched a new Web site, www.iasb.org/xbrl, to showcase the pioneering work of the IASC Foundation’s XBRL Team. This Web site continues to be a leading source of XBRL information. The Team also services its XBRL Lab, a research and development centre to prototype new techniques in XBRL taxonomy building and the general use of the XBRL specification for IFRS. Most recently it released an EduCentre – containing a host of online XBRL educative materials including XBRL Fundamentals, an XBRL glossary, webcasts, presentations and XBRL Demonstrations.
The IASC Foundation continues its pioneering and leadership roles in the XBRL International consortium:
Olivier Servais recently joined the Foundation as XBRL Team leader. Olivier has extensive experience in coordinating XBRL adoption in Europe, having initially served as Secretary General of the XBRL in Europe project (funded by the European Commission), and most recently as European Director of XBRL International. He has previously served as a member of the XBRL International Steering Committee, the Consultative Working Group of CESR Transparency, and the Eurostat XBRL Pilot Task Force.
Kurt Ramin, consultant to the Foundation, holds the position of Chairman (Emeritus) of XBRL International.
Josef Macdonald, the IASC Foundation XBRL Practice Fellow, is the former XBRL International Domain Working Group Chair and was a member of the interim XBRL
Standards Board. He is the current chair of the IFRS XBRL Development Team (IXDT), chair of the IASB IT Discussion Group and founder of the Foundation’s XBRL Team. He returns to Ernst & Young global in July of this year.
The successful XBRL student internship program has a total of seven interns from European jurisdictions working on XBRL at the IASC Foundation. They are: Maciej Piechocki (Poland), Haiko Philipp (Germany), Michal Piechocki (Poland), Timo Philipp (Germany), Lukas Pruschke (Germany) and Daniel Gloeckner (Germany) and Holger Obst (Germany).
The IASC Foundation XBRL Team also continues to cooperate on IFRS-based XBRL projects around the world, including the European Central Balance Sheet Data Offices WGIII reduced format project, which is now in its third year and has been commissioned for further fourth year. The Team liaises closely with IFRS jurisdictions and XBRL US on taxonomy alignment and other XBRL matters.
Recent activities of the IASC Foundation include:
Releasing the IFRS-GP 2007 taxonomy
Continuing to release versions of its 2005 , 2006 and now 2007 taxonomy labels in other languages (now 10 languages available)
Developing an online search engine to locate elements in the IFRS taxonomy.
Continuing to research and publish solutions to the versioning of its IFRS-GP taxonomy and the establishment of an extensions framework – the 2 most significant issues it faces related to its taxonomy.
Commencing the third phase XBRL project of the European Committee of Central Balance Sheet Data Offices (ECCBSO) successfully creating 100+ IFRS instances from real company data. This project will be showcased at the XBRL International Philadelphia conference in December.
Commencing work on the development of a taxonomy for IFRS-SMEs. In particular, the Team has begun work considering the potential implications of this project for modelling it in XBRL when it is released as a standard.
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Releasing XBRL taxonomy alignment and convergence projects, which have attracted the largest number of visitors to our new website. These projects will also be showcased at the Munich conference in December.
For more information on the IASC Foundation XBRL activities, please visit www.iasb.org/xbrl or contact:
Olivier Servais XBRL Team Leader [email protected] Kurt Ramin XBRL Consultant [email protected] Josef MacDonald XBRL Practice Fellow [email protected]
IRELAND
XBRL Ireland continues to make significant progress. Membership now includes: Accenture, Central Statistics Office, Companies Registration Office, Deloitte, Ernst & Young, Fujitsu Ireland, The Institute of Chartered Accountants in Ireland, The Irish Bankers Federation, KPMG, Microsoft Ireland, PricewaterhouseCoopers, The Revenue Commissioners and REACH along with a number of prominent academics. REACH is the organisation established by the Government of Ireland to develop a framework for electronic government and represents an important endorsement of XBRL within Irish Central Government.
Supporting Adoption in Ireland
Pilot studies in the Central Statistics Office have been extended to cover the more significant Balance of Payments area. Pilots studies continue in the Companies Registration Office (CRO) along with evidence of potential pilots in other Irish Government organisations.
Taxonomy Development.
The Irish GAAP 2.1 Taxonomy has reached acknowledgement stage providing a reliable platform for the reporting of Irish GAAP financial statements in XBRL. A suite of XBRL v2.1 Irish GAAP financial statements for Irish public companies has been developed to support the taxonomy.
For more information on XBRL in Ireland please visit http://www.xbrl-ie.org or contact
Conor O’Kelly - [email protected]
Simone Doran - [email protected]
JAPAN Marketing & Communications
Co-hosted by Tokyo Stock Exchange (TSE), Japanese Institute of Certified Public Accountants (JICPA), and XBRL Japan, the successful XBRL Japan and TSE symposium was held at TSE in Tokyo in March 2007 with by over 400 attendees. Speakers include Mr. Taizo Nishimuro (President & CEO of TSE), Mr. Tsuguoki Fujinuma (Chairman and President of JICPA), Prof. Shinji Hatta (Graduate School of Professional Accountancy, Aoyama Gakuin University) and others.
Membership growth – Six our new members joined since last report, including Going dot com Inc., PricewaterhouseCoopers Aarata, Nihon ICS CO.LTD, ICS Partners CORPORATION, ZOICCS Co.,Ltd, Daiwa Institute of Reserch Ltd.. XBRL Japan now has 78 voting members.
TSE’s XBRL Trial & Demo Program
The Tokyo Stock Exchange’s XBRL Trial & Demo Program in Timely Disclosure started in April 2006. Anybody can freely try out XBRL on TSE’s homepage.
FSA’s XBRL for EDINET
The Financial Services Agency announced establishment of the service and system optimization and plans to make XBRL mandatory for EDINET(Electronic Disclosure for Investors'
19
NETwork)in 2008.
FSA will start its pilot program from this July, which accepts voluntary reports in XBRL. FSA’s EDINET taxonomy and sample instance documents are reachable from FSA’s homepage. (http://www.fsa.go.jp/singi/edinet/20070427.html)
XBRL Jurisdictional Leader: Kiyoshi Kanai, Chairman of XBRL Japan (JICPA)
Contact information:
Nobuyuki Sambuichi, Jurisdiction representative to ISC e-mail: [email protected] Phone: +81-(0)3-3763-5403 website: http://www.xbrl-jp.org/
KOREA
XBRL Korea continues to make progress with taxonomy development and adoption activities. Recent highlights in XBRL Korea include :
Taxonomy Development - XBRL Korea is preparing to release the second and third version of the Korea local GAAP Taxonomy to the public.
■ On April 4, 2007, XBRL Korea issued exposure draft of K-GAAP Taxonomy(version 2.0, version 2.1 which are updated versions of the four industries taxonomies of Commercial and Industrial Entities(C&I), Banking and Savings Institutions(BASI), Insurance Entities(INS), Investment Management(IM)) that were announced on July 28, 2006. This Financial Reporting Taxonomy has been developed according to the Korean GAAP and will be finalized through public opinion feedback process.
These Taxonomies are available at
http://www.xbrl.or.kr/home/w0701l02.jsp?CAFECODE=1&id num=1175041231878&MENU CO
DE=018&page=0
■ And XBRL Korea is developing common type Taxonomy for other than the industries
mentioned above. The Taxonomy will be drafted in second quarter of 2007 and will be officially announced in 3rd Quarter of 2007 through open review process.
Korean FSS(Financial Supervisory Service) XBRL Project
■ FSS is taking step by step test running for the 251 listed companies on Korean stock market for DART(Data Analysis, Retrieval and Transfer) System which is similar to EDGAR Online in US. FSS will try one more test run for the whole companies which are listed and have the plan of official adoption of XBRL from October 2007 after modification, if needed
Please visit http://dart.fss.or.kr/html/xbrl/LatestXbrlDoc.html for more details.
■ And FSS announced officially to adopt XBRL for Call Report for financial industry on February 15, 2007. FSS will set up specific action plan by adopting the result of consulting. From 2008 through 2009, it will develop taxonomy for Call Report and core program and will have test run and after that it will officially run the system from 2010.
For more information, please visit http://www.xbrl.or.kr or contact:
Tack-kon Moon Vice President Korean Institute of Certified Public Accountants 185-10, Chungjeongro-2ga, Seodaemun-gu, Seoul Tel: 82-2-3149-0108, E-mail: [email protected] Yong-moon Lee Director (XBRL and IT) Korean Institute of Certified Public Accountants 185-10, Chungjeongro-2ga, Seodaemun-gu, Seoul Tel: 82-2-3149-0112, E-mail: [email protected]
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NETHERLANDS Spring 2007 XBRL Netherlands membership reached 54 companies.
Highlights in the Netherlands are:
The most important XBRL-project in the Netherlands is the Dutch Taxonomy Project lead by the Dutch Government with the support of many organizations, including XBRL Netherlands. The main objective is to reduce the administrative expenses of companies by implementing the electronic filing of financial, tax and statistical statements for all companies (about 600.000) in 2007. The savings for businesses are estimated at 350 million Euros per year.
The Dutch Taxonomy is being developed and maintained by the Dutch Government and contains the XBRL data-elements to support the electronic filing of the yearly financial statements, corporate tax filings and statistical information. The Dutch taxonomy version 1.1 is released February 2007.
On June 9 2006, the Dutch Government and about 66 organizations signed a XBRL Covenant. They agreed on maintaining the Dutch taxonomy, implementing the infrastructure for electronic filing and taking the necessary steps to support delivery of XBRL in 2007. About 80 organizations have signed the Covenant up till now, including the two main trade organizations VNO-NCW and MKB Nederland.
The Dutch Government also started to develop an extension on the Dutch Taxonomy to be used by the financial services for credit risk filings (based on Basel II).
The Dutch Central Bank is able to receive XBRL-filings (CEBS-project).
The infrastructure for electronic filing of financial statements and tax filings based on XBRL is available.
Early January 2007 the first financial statements based on XBRL were filed at the Chambers of Commerce
At this moment XBRL Netherlands and several members like Royal NIVRA and audit firms organize conferences, meetings and training
session, to provide the information needed for implementation and adoption of XBRL.
.The Dutch Government is supporting the XBRL project initiated by the Governments of Australia and New Zealand
More information about this project and the Dutch taxonomy can be found in the report ”Functionality and possibilities of the Dutch taxonomy”, including “Reducing administrative burdens through standardization”. www.xbrl-ntp.nl
For more information about XBRL Netherlands, please visit www.xbrl-nederland.nl or contact;
Jan Pasmooij
Manager ICT Knowledge Center, Royal NIVRA and Chair XBRL Netherlands
+31 20 3010315 / +31 6 55117335
SPAIN
Introduction
The XBRL Spain Jurisdiction is the non-for profit organization composed by the main financial government authorities, private companies and universities, with more than 150 experienced people divided in several working groups with a common objective: the development of a common open standard to reduce administrative burdens to the financial community in Spain. Its main XBRL projects are underpinning the XBRL developments in several Ibero-American countries; XBRL Spain is supporting the XBRL initiatives through the exchange of knowledge and experience obtained by its local developments activities.
XBRL Spain 2006 - 2007 activities:
- The National Institute of Statistics (member of XBRL Spain) was part of the Task Force: “XBRL Pilot Study”, coordinated by EUROSTAT.
- XBRL Project in the Public Administration (Spain GAAP 2008): Local Entities must bring to the Directorate General on Financial Coordination with the Local Entities (Treasury Ministry) the final account of the yearly budget final account.
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Pilot Project according to an agreement between INTECO, D.G., CajaEspaña, Cacabelos Municipality and XBRL Spain.
- XBRL Iberoamerican Chapters development
- XBRL Seminar in conjunction with Association of Banking Supervisors of Americas and Centre for Latin-American Monetary Studies
- VII XBRL Banking Supervisors Workshop and XBRL International Versioning Working Group meeting which will take place in Munich at Deutsche Bundesbank.
- XBRL Iberoamerican collaboration network with entities like:
Colombia Ministry of Finance Argentina Central Bank Brazil Central Bank
Banking and Financial Institutions Authority of Chile
Financial Institutions Authority of Costa Rica Financial Service Authority of El Salvador Guatemala Central Bank Honduras Central Bank
Banking and Securities Commission of Mexico
Nicaragua Central Bank Paraguay Central Bank Republica Dominicana Central Bank Centrale Bank van Suriname Bank of Spain XBRL Spain
For more information on XBRL Spain, please visit: www.xbrl.es
or contact;
Federico Flórez Chief Information Officer Bank of Spain General Secretary, XBRL Spain Association [email protected] +34(91)3388690
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XBRL Spain Taxonomies 2006
UK
Effort in the XBRL UK jurisdiction is centred on supporting the projects by the companies regulator, Companies House, and tax authority, HM Revenue and Customs (HMRC), to introduce filing in XBRL. Companies House is already receiving large numbers of accounts from small companies in XBRL using an extension to the UK GAAP taxonomy, while HMRC has begun receiving Corporation Tax submissions in XBRL. The government plans to make XBRL mandatory for filing of tax returns, including accounts, by all companies from March 2011.
XBRL UK released new versions of the UK GAAP and Common Data taxonomies on 1 March for trial use and public review. The taxonomies provide a basis to enable all companies reporting under UK GAAP to publish their accounts in XBRL. The taxonomies have Public Working Draft status and are available at http://www.xbrl.org/uk/Taxonomies/. The new versions reflect feedback from early use and detailed reviews of previous versions. The GAAP taxonomy reflects the latest XBRL design developments, including the release of the Dimensions Specification. It makes use of dimensions to reflect a number of ways in which companies report data.
The Common Data taxonomy is an extension of the Global Common Data taxonomy released by XBRL International.
The jurisdiction has begun a programme of information and support for software vendors planning to implement XBRL reporting in their financial reporting products. It held a seminar for these vendors and is producing a range of explanatory documentation. It will continue to develop the UK GAAP taxonomy in the light of requirements and evolving regulations and will also be providing a UK extension of the IFRS taxonomy to serve listed companies.
For more information on XBRL UK, please visit www.xbrl-uk.org or contact:
Chris Rodgers Chairman, XBRL UK Consultative Committee Telephone number: +44 20 7694 4813 / 4082 [email protected]
COREP Common Reporting CEBS (Bank of Spain)
FINREP Financial Reporting CEBS (Bank of Spain)
CBSO-RF European Central Balance Sheet
Data Offices
European Committee of Central Balance Sheet Data Offices (III WG)
LENLOC Yearly budget final account for
Local Entities
D.G. Coordination with Local Entities
INE
INE. Structural Statistics
National Statistics Institute
RSC Corporate Social Responsibility
(CSR)
AECA
BP Balance of Payments Bank of Spain
Public sector
Local accounting instructions Taxonomy
General State Comptroller (IGAE)
COREP-ES
COREP Banco de España
Bank of Spain
ES-BE-CB
Central Balance Sheet Data Office, reduced (CBR), normal (CBN) and quarterly (CBQ) questionnaires
Bank of Spain (Central Balance Sheet Data Office)
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UNITED STATES
XBRL US Develops Professional Staff and Kicks Off the SEC US GAAP Project
XBRL US spun off from the AICPA in Fall 2006 and became a separate nonprofit 501© 6. The XBRL US Steering Committee hired Mark Bolgiano as its new President and CEO and Mark subsequently brought in a senior management staff of VP, Domain and Taxonomies, VP, Online Strategies and VP, Adoption and Communication. A very active interim Board is in place helping to move the new organization forward:
Al Berkeley, Pipeline Trading, formerly President, The NASDAQ Stock Market
Greg Hayes, CFO, United Technologies
Barry Melancon, President and CEO, AICPA
The new team kicked off its first major project when they signed a $5.5 million contract with the SEC to build out the US GAAP taxonomies with a project due date of Q4 2007. The project goal is to create commercial grade taxonomies that will allow any public company to file their Primary Financial Statements and their Notes to the Financials to the SEC. The Project Team, headed by Rob Blake, new VP, Domain and Taxonomies, is taking a collaborative approach to the development, engaging key audiences, e.g., software providers, public company preparers and analysts in the Content Integration & Review, Alpha and Beta testing phases.
The year one goals of the new organization are to:
Complete the US GAAP project using a collaborative process and meeting the deadline.
Create a taxonomy development framework and adoption process which can be replicated across other taxonomies in both the public and private sector.
Establish a Founders Council that will help fund and provide strategic direction for the new consortium.
Nominate and elect a permanent Board.
Initiate the first Annual Meeting featuring member strategy sessions, a public
education day as well as a Founders Council and Board member meeting.
Public Sector Activities Continue Strong
The Public Sector Adoption Working Group started off the year with a number of important events designed to educate and build awareness among government agencies and the vendors that work with them:
A Public Sector conference, hosted by the FDIC to be held on May 8, featuring keynote speakers Peter Wallison of The American Enterprise Institute and Carl Moravitz, IBM Global Business Solutions.
A sold-out educational webcast series, co-sponsored with the Association of Government Accountants (AGA).
An ongoing dialogue with the vendors that work with AGA – a meeting series jointly sponsored by the AGA with a goal of bringing these software vendors and consultants into the XBRL community.
Better Banking Data Using XBRL Available Online
The Comptroller of the Currency announced that US federal banking agencies will provide improved web site access to bank call report data using the XBRL Central Data Repository (CDR). Call report data will now be available in multiple formats, including PDF, text and XBRL and will be available much faster than before. The new web site is expected to be more cost efficient as some manual processing has been eliminated.
For more information, visit www.xbrl.us or please contact:
Michelle Savage Vice President, Adoption and Communication XBRL US, Inc. 212/362-7630 917/747-1714 (cell) [email protected]
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Provisional Jurisdiction Reports
DENMARK
For future updates on Denmark Provisional Jurisdiction please see the next Progress Report
For more information on XBRL Denmark, please contact:
Lars Dyrner [email protected] www.xbrl.org/dk
FRANCE
Since the last update France has organised
The translation in French of the IFRS GP
Taxonomy,
The preliminary work concerning the French
GAAP taxonomy
The preliminary work concerning a tax
aggregation Taxonomy for large international
groups
Preliminary work concerning the internal
reporting in XBRL for companies
Organization of XBRL breakfast sessions about
Instance Document creation, taxonomy building
and extensions development and about the new
tools
Creation of newsletter on a 4 months basis
Participation to several events about XBRL in
order to increase awareness and
adoption/implementation like with Tax
authorities and French Market security regulator
(AMF) and also the Balance Sheet Office
Following actions are foreseen in the near future:
Transformation in full jurisdiction
Finalisation of the French GAAP taxonomy (Full
French Financial Statements) for companies,
The 2nd Public National conference with the
participation of the Mrs Danièle Nouy CEBS Chair
and Secretary General of the French Banking
Commission and François Meunier DFCG Chair –
350 attendees expected - registration on
www.xbrl.org/eu/paris
Finalisation of “proof of concepts” for the use of
the IFRS GP Taxonomy in new tools by members
- to be shown the 21st of June in Paris
Finalisation of the tax aggregation Taxonomy for
large international groups as well as the related
proof of concept - to be shown the 21st of June
in Paris
For more information on XBRL France, please
contact:
Gilles Maguet XBRL France Secretary General [email protected]
LUXEMBOURG
Ten major organisations joined together to create the association “XBRL Luxembourg a.s.b.l.”. The aim of this non for profit association is to promote the extensible Business Reporting Language (XBRL) within the national business community.
The Luxembourg Central Bank (BCL), the financial sector’s supervisory authority (CSSF), the insurance supervisory authority, the ABBL, the ALFI, the ACA, the IRE , the OEC, the Statec and the Luxembourg Stock Exchange have founded “XBRL Luxembourg a.s.b.l.” to promote the use of XBRL.
The XBRL International Steering Committee has approved on 20 January 2007 XBRL Luxembourg’s application to become a provisional jurisdiction. The Luxembourg association is chaired by Serge DE CILLIA, member of the ABBL Executive Committee. Vice-chairman is Roland NOCKELS, head of the division “Statistics” of the Central Bank. Serge ALLEGREZZA, the Statec General Manager, has been appointed treasurer. The daily management is trusted to the secretary general, Marc HEMMERLING, Head of the Organisation, Technology and Payment Systems at the ABBL.
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XRBL Luxembourg, beside its promoting initiatives and recruiting of new members, is supporting the first implementations of XBRL based reports, especially within the financial sectors, where banks will submit from January 2008, XBRL based COREP and FINREP-reports to the financial sector’s supervisory authority the CSSF.
Other projects are soon to be launched by the Central Bank of Luxembourg which will undertake a modernisation of its reporting channels as well as by Statec – the Central Service for Statistics and Economic Studies.
XBRL Luxembourg is not limiting its action to the promotion of XBRL as such, but is standardising the whole reporting chain encompassing security issues which are of paramount importance. In order to meet these objectives, XBRL Luxembourg is collaborating with Luxtrust – the Luxembourg PKI service provider - and the Luxembourg standardisation authority.
XBRL Leader: «GreetingLine», Chairman
Contact Info:
«GreetingLine», Secretary General [email protected] +352-691-999039 Website: www.xbrl.org/lu
POLAND
Marketing and Communication: During its first year of activity as a provisional jurisdiction, association “XBRL Polska” has concentrated on creating awareness of XBRL technology. One of the main actions in this area was co-organization (together with the National Bank of Poland and the Polish Bank Association) the XBRL seminar, where more than 100 representatives of Polish banks learned about XBRL implementation projects in Spanish, French and Belgian banking sector. Another seminar organized jointly by the Warsaw Stock Exchange, the Association of Stock Exchange Issuers and the Polish XBRL jurisdiction is about to take place in May 2007. This event shall start a public debate on the standardization of the reporting process on the
capital market including listed companies, investment and insurance companies.
Taxonomy development: The first part of Polish GAAP taxonomy, which includes complete explanatory disclosures for non-financial institutions, is planned for release later in 2007.
For last 12 months the National Bank of Poland has been developing Polish extension of COREP and FINREP taxonomies. In the second half of 2007, both taxonomies will be implemented as obligatory reporting format for banking supervisory purposes.
Membership growth: Number of members has risen from eleven in April 2006 to seventeen in January 2007. Important signal to the capital market was joining the jurisdiction by the Warsaw Stock Exchange, the Board of which announced its willingness of active contribution in standardization of reporting processes,
For more information please visit www.xbrl.org/pl or contact:
Mateusz Hojda Secretary General Stowarzyszenie „XBRL Polska” Ul. Górnośląska 5 00-443 Warszawa [email protected]
SOUTH AFRICA
XBRL officially launched in South Africa, 27 July 2006.
For future updates on South Africa see the next Progress Report
For more information on XBRL South Africa, please visit www.xbrl.org/za or contact:
Thinglemony Pather The South African Institute of Chartered Accountants [email protected] +27116216633
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SWEDEN
XBRL Sweden continues to make progress on their XBRL taxonomy development and adoption.
16 April 2007 The Swedish Companies Registration Office, Bolagsverket and XBRL Sweden released two new Public Working Drafts of taxonomies: one for small to mid-size companies (se-smp) and one for the Swedish audit report (se-ar). The taxonomies have been developed in a project within Bolagsverket with assistance from members of XBRL Sweden and are a result of a major revision of the two taxonomies released in July 2006.
The two earlier versions of the taxonomies, launched in July 2006, are still being used for reporting financial statements to Bolagsverket but will be replaced with the new taxonomies in the fall 2007.
XBRL Sweden currently has 22 members, with three of those being the largest software companies in Sweden: Hogia, Norstedts Juridik and VismaSpcs.
XBRL Sweden has two working groups operating: Domain Working Group and Marketing & Communication
For more information on XBRL Sweden, go to: www.xbrl.se
Contact information:
Åke Danielsson Chair XBRL Sweden PricewaterhouseCoopers SE-113 97 Stockholm
[email protected] +46 (0)8 555 330 00 Maria Bengtson XBRL Sweden Secretariat c/o FAR SRS, Box 6417 SE-113 82 Stockholm [email protected] +46 (0)8 506 1
THE UNITED ARAB EMIRATES (UAE)
The UAE XBRL Provisional Jurisdiction was formed in April 2006.
For future updates on the UAE Provisional Jurisdiction see the Fall 2007 Progress Report. For more information on XBRL UAE, please contact: Karem Obeid Abu Dhabi Securities Market P.O. Box 54500 Abu Dhabi United Arab Emirates Tel: 009712- 6128776 Fax: 009712- 6128787 Email : [email protected]
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XBRL Vendor Updates*
ANUBO XBRL GmbH & Co. KG: consulting, implementation, and training.
www.anubo.com
ANUBO XBRL are specialists in redesigning financial business processes. They advise companies in their selection and implementation of methods, processes and IT systems in the range of accounting and controlling. Combined with XBRL technology they offer new possibilities to standardize and automatize processes.
ANUBO XBRL advises decisions makers about XBRL’s strategical questions and consequences e.g. on transparency and velocity. ANUBO XBRL supports companies in extending taxonomies and in producing XBRL reports. Know how transfer is provided in in-house trainings.
Contact Bodo Kesselmeyer, managing partner, at +49 89 8188 5323 or [email protected].
The vision: Excellence in Corporate Accounting & Controlling.
ANUBO XBRL: We speak this language.
Business Reporting – Advisory Group Sp. z o.o.
http://www.br-ag.eu
Business Reporting - Advisory Group (BR-AG) is the leading advisory company committed to helping businesses create sustainable value for their customers and shareholders through implementation of innovative internal and external business reporting solutions. Our Thinking Forward approach allows our partners to optimise performance by adopting XBRL especially in COFINREP framework.
CoreFiling Limited
www.corefiling.com
CoreFiling provides innovative solutions and services for compliance and regulatory filing. Our customers benefit from our straightforward approach and unique technologies. For example, our SpiderMonkey multi-user management platform transforms taxonomy development. From sensible consulting advice, assistance with VFP filing, through to full turn-key solutions, we can help with your reporting problems.
Coyote Reporting
http://www.coyotereporting.com
Coyote Reporting provides affordable software that allows real people to
create, validate and view XBRL-based financial reports.
Our product line includes XBRL Pronto to assist financial
practicioners in creating financial reports, and XBRL AutoPilot to
XBRL-enable your product and automate financial report creation.
DecisionSoft
www.decisionsoft.com
From taxonomy design to instance document processing, DecisionSoft’s products and services provide an end-to-end solution for XBRL implementation. Our flagship True North Validator, used by regulators on both sides of the Atlantic, is ideal for integration into accounting and reporting packages producing XBRL for regulators and markets.
28
Deloitte.
www.deloitte.com
Deloitte is actively involved in XBRL development around the globe in both the
public sector and industry. Deloitte has the experience to support clients in
evaluating the benefits of XBRL for specific purposes and helping them to
understand and implement XBRL solutions. Contact Yossef Newman,
[email protected] or Dave van den Ende, [email protected] .
EDGAR Online, Inc.
www.edgar-online.com
Through its I•Metrix solutions, EDGAR Online offers clients and partners the benefit of its expertise in the conversion, storage, analysis and distribution of XBRL-tagged data. EDGAR Online now offers both a proprietary repository of XBRL financial statement data for all companies regulated by the U.S. Securities & Exchange Commission and data solutions that help companies, exchanges and agencies implement customized XBRL data systems.
FDIC
http://www.fdic.gov/
Please see the project information in the Highlights Section of this report.
Fujitsu
http://software.fujitsu.com/en/interstage-xwand/activity/xbrltools/
Fujitsu provides XBRL consultation / system integration / business tools / processing library.
Fujitsu XWand (XBRL processing middleware and tools) is used in eleven countries and XBRL dimensional editor and API are fully supported in the forthcoming release (Version 9.0).
Fujitsu contributes to Consortium activities through provision of XBRL Tools. XBRL Dimensions is supported in the latest version. .
Hitachi, Ltd.
www.hitachi.co.jp/XBRL or www.hitachi.us/XBRL
HitachiBusinessReportingProcessor (HBRP) is XBRL2.1-compliant with full support for the Full-Conformance-Suite and provides standard XBRL-DOM. HBRP can support new functions, e.g., formula linkbase using XPath2.0, taxonomy edit, FRTA-conformance, and FRIS-conformance. Xinba displays and examines XBRL financial data. As a leading global solutions provider with XML expertise, we provide business users with comprehensive XBRL-related-services.
Hitachi Systems & Services, Ltd.
www.hitachi-system.co.jp/xirute/e
Hitachi Systems & Services is one of Japan's largest providers of systems integration services and offers user-friendly XBRL tools. XiRUTE Taxonomy Editor and Instance Creator work with Excel. XiRUTE FRP is the analyser and viewer of instances. XiRUTE Library for .NET is the programming APIs supporting Microsoft .NET Framework. This library offers data conversion (CSV, XBRL), validation and viewing functionality.
29
Justsystems
http://www.justsystems.com
Justsystems announced late 2006 the introduction of xfy XBRL Solution, a new application which provides a powerful and flexible environment for working with XBRL data. The xfy XBRL Solution, which allows organizations to create, handle and manage financial information in XBRL 2.0/2.1 format, was demonstrated at the 14th XBRL International Conference in Philadelphia.
Microsoft
www.frxsoftware.com
Microsoft®FRx® is a financial reporting application that gives small and midsized businesses and divisions of large enterprises immediate control of their entire financial reporting process. FRx Software offers enhanced support for XBRL 2.1 in FRx 6.7, which is available for use with many well-known general ledgers.
PricewaterhouseCoopers
www.pwc.com/xbrl
PricewaterhouseCoopers professionals provide clients with seamless integration of XBRL expertise within a wide range of services including process design, regulatory reporting solutions, business reporting, risk management, training and compliance services. PricewaterhouseCoopers also provides assurance on XBRL reports and taxonomy development assistance to public and private clients and market organizations.
Rivet Software www.rivetsoftware.com
Rivet® Software’s i-Fi™ Suite of interactive financial applications provides a complete solution for creating, reviewing, collecting and analyzing XBRL information. Rivet’s Dragon Tag® XBRL enabler and Dragon View™ XBRL viewer lets business professionals easily create and review XBRL documents while Rivet’s Crossfire™ Analyst provides a scalable, server-based solution for collecting and analyzing XBRL documents.
R.R. Donnelley & Sons Company www.rrdgcm.com RR Donnelley provides the only full-service XBRL filing solution for participation in the SEC Voluntary Filing Program. EZ Start XBRL is a complimentary offer to make your first interactive data submission to the SEC. Additional assistance is available for Interactive Test Group members. Contact our XBRL experts at [email protected] or 800.424.9001 today.
Semansys Technologies
www.semansys.com
Semansys – leader in XBRL software applications – offers a unique set of solutions for software vendors and preparers. Semansys XBRL Reporter is the software industry favorite solution for digital reporting. Semansys XBRL Component is the XBRL engine that drives leading business applications. Semansys Enterprise Manager controls digital reporting in large corporations.
30
Snappy Reports
www.snappyreports.com
Snappy Reports is a complete solution to a full A to Z XBRL implementation. Features include taxonomy composition, dimensions designer, mapping, Excel interface, instance documents and rendering and reporting in Excel, Word or HTML.
Snappy Reports is intuitive, with an easy to use drag and drop, point and click interface. Snappy Reports is client/server based with full multi-user security included.
Standard Advantage
www.StandardAdvantage.com
Standard Advantage is a consultancy that helps governments, software vendors, and professional services companies to achieve the savings and flexibility available to them through commitments to technology standards. The CEO, Walter Hamscher, co-authored the XBRL specification and is a member of the XBRL International Executive Committee and Past Chair of XBRL International.
UBmatrix, Inc.
www.ubmatrix.com
UBmatrix is the leading provider of XBRL-based information exchange solutions for global organizations allowing them to more efficiently and effectively address the challenges of business and financial information management, exchange and reporting. We provide server and desktop software products for the design, deployment and integration of XBRL-based applications.
* XBRL International includes vendor provided update information from XBRL® members as a convenience to those interested in XBRL’s development and progression. XBRL International cannot take responsibility for the accuracy of such statements, nor does inclusion of a vendor imply endorsement of their products or services.
31
Current XBRL Members
Organisation Name Jurisdiction
3IBenelux/Umanis XBRL Belgium
AB Svensk Upplysningstjänst XBRL Sweden
AB XML Sweden XBRL Sweden
ABeam Consulting XBRL Japan
ABZ Nederland B.V. XBRL Netherlands
Accenture XBRL Spain
Accenture (Ireland) XBRL Ireland
AccountView Business Software XBRL Netherlands
Adobe Systems XBRL Netherlands
Adobe Systems Inc XBRL United Kingdom
Adobe Systems Incorporated XBRL United States
Agencia Tributaria XBRL Spain
Agoria XBRL Belgium
AICPA XBRL United States
AIG XBRL United States
Allocation Solutions XBRL United States
Alluvion XBRL United States
American Financial Printing Inc. XBRL United States
ANUBO XBRL GmbH & Co. KG XBRL Germany
ANZ XBRL Australia
Aozora Bank, Ltd. XBRL Japan
Apptis XBRL United States
APS XBRL New Zealand
Arenthals Grant Thorton Accountants en Adviseurs B.V. XBRL Netherlands
Ascern XBRL United States
Asia Securities Printing Co., Ltd. XBRL Japan
Asoc. Española Contab. Admón Empresas (AECA) XBRL Spain
Associated Software Consultants, Inc. (ASC)
XBRL United States
Atos Consulting NV XBRL Netherlands
ATOS ORIGIN XBRL Spain
Audit New Zealand XBRL New Zealand
Organisation Name Jurisdiction
Australian Prudential Regulation Authority XBRL Australia
Australian Stock Exchange XBRL Australia
Australian Taxation Office XBRL Australia
Automatic Data Processing (ADP)
XBRL United States
Azertia XBRL Spain
Azsa&Co. XBRL Japan
Balance XBRL Netherlands
Banco de España XBRL Spain
Banco Popular XBRL Spain
Banco Sabadell XBRL Spain
Bank of Japan XBRL Japan
Banking, Finance and Insurance Commission (BE) XBRL Belgium
BANQUE FERERALE DES BANQUES POPULAIRES XBRL France
BASDA XBRL United Kingdom
Bayerische Hypo- und Vereinsbank XBRL Germany
Bayerisches Landesamt für Steuern XBRL Germany
BBVA XBRL Spain
BDO Seidman XBRL United States
Bearing Point Co., Ltd. XBRL Japan
Belastingdienst XBRL Netherlands
Belgian Bankers' Association XBRL Belgium
BENIT XBRL Korea
Bisnode Editorial Deutschland GmbH XBRL Germany
Blast Radius Software XBRL Canada
BNP-PARIBAS XBRL France
Bonnier Informatics AB XBRL Sweden
Booz Allen Hamilton XBRL United States
Bowne Technology Enterprises, LLC
XBRL United States
BSB XBRL Poland
Bundesanzeiger Verlagsgesellschaft mbH XBRL Germany
32
Organisation Name Jurisdiction
Bundessteuerberaterkammer XBRL Germany
Business Reporting - Advisory Group sp. z o.o. XBRL Poland
Business Trust Co., Ltd. XBRL Japan
Business Wire XBRL United States
CAJA MADRID XBRL Spain
Calvert Consulting Ltd. XBRL United Kingdom
Canada Revenue Agency XBRL Canada
Canadian Institute of Chartered Accountants XBRL Canada
Capgemini España S.L. XBRL Spain
Capital Printing Systems, Inc. XBRL United States
Capital Stock Transfer, Inc. XBRL United States
Capricorn Research XBRL United States
CARTESIS XBRL France
CaseWare International, Inc. XBRL Canada
CaseWare Nederland XBRL Netherlands
CBS XBRL Netherlands
CCC Consulting XBRL Japan
CCH Tax Compliance XBRL United States
CCN Matthews XBRL Canada
CECA XBRL Spain
CEGID XBRL France
Central Statistics Office XBRL Ireland
Centric IT Solutions XBRL Netherlands
Certified General Accountant's Assn of Canada XBRL Canada
CGI Japan Ltd. XBRL Japan
Chato d'O XBRL Netherlands
ChuoAoyama PricewaterhouseCoopers XBRL Japan
CMA Canada XBRL Canada
CNW Group Ltd XBRL Canada
COFACE XBRL France
Coface Services Belgium XBRL Belgium
Cognos Incorporated XBRL United States
Colegio Registradores de España XBRL Spain
College Belastingadviseurs XBRL Netherlands
Comisión Nacional Mercado Valores (CNMV) XBRL Spain
Organisation Name Jurisdiction
Command Financial Press Corp XBRL United States
COMMISSION BANCAIRE XBRL France
Commission for Bookkeeping Standards (BE) XBRL Belgium
Compagnie Nationale des Commissaires aux Comptes XBRL France
Companies House XBRL United Kingdom
Companies Registration Office XBRL Ireland
CompSci Resources, LLC XBRL United States
Computerland XBRL Poland
Conseil National de la Comptabilité XBRL France
Conseil Supérieur de l'Ordre des Experts-Comptables XBRL France
Consejo General de Colegios de Economistas de España XBRL Spain
Controllers Instituut XBRL Netherlands
CoreFiling XBRL United States
Corefiling Ltd XBRL United Kingdom
Covarity Inc. XBRL Canada
Coyote Reporting, LLC XBRL United States
CPA Australia XBRL Australia
Creative Solutions XBRL United States
Credence Software Ltd XBRL United Kingdom
CreditPointe, Inc. XBRL United States
CT Corporation XBRL United States
Cynancial System Consulting Limited XBRL Japan
D&B (Dun and Bradstreet Corporation
XBRL United States
Dai Nippon Printing Co., Ltd. XBRL Japan
Danmarks Statistik XBRL Denmark
Data Agility XBRL Australia
Dataplace, Inc. XBRL Japan
DATEV eG XBRL Germany
DecisionSoft Ltd. XBRL United Kingdom
Deliotte XBRL South Africa
Deloitte XBRL Denmark
Deloitte XBRL Sweden
33
Organisation Name Jurisdiction
Deloitte & Touche XBRL United Kingdom
Deloitte & Touche XBRL United States
Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft XBRL Germany
Deloitte & Touche LLP XBRL Canada
Deloitte (Ireland) XBRL Ireland
Deloitte S.L. XBRL Spain
Deloitte. XBRL New Zealand
Deloitte. XBRL Netherlands
Depository Trust & Clearing Corporation
XBRL United States
Deutsche Bank AG XBRL Germany
Deutsche Börse AG XBRL Germany
Deutsche Bundesbank XBRL Germany
Deutsches Rechnungslegungs Standard Committee (DRSC) e.V. XBRL Germany
Diamond Computer Service Co., Ltd. XBRL Japan
Diginotar BV XBRL Netherlands
DIRECCIÓN GENERAL DE COORDINACIÓN FINANCIERA CON ENTIDADES LOCALES (Ministerio de Hacienda) XBRL Spain
DIVA Corporation XBRL Japan
DMR Consulting XBRL Spain
DTS CORPORATION XBRL Japan
Dun & Bradstreet B.V. XBRL Netherlands
Dun & Bradstreet NV XBRL Belgium
Duthler Associates XBRL Netherlands
DUZON DASS XBRL Korea
DVFA GmbH XBRL Germany
Dynamic Access System XBRL United States
ECP.NL XBRL Netherlands
EDGAR Filings Ltd XBRL United States
EDGAR Online Inc. XBRL United States
EDICOM XBRL Spain
EDIFICAS XBRL France
EDP Audit Pool XBRL Netherlands
EDS XBRL United States
Erasmus Universiteit Amsterdam XBRL Netherlands
eReport AB XBRL Sweden
Organisation Name Jurisdiction
Erhvervs- og Selskabsstyrelsen XBRL Denmark
Ernst & Young XBRL Spain
Ernst & Young XBRL Denmark
Ernst & Young XBRL Sweden
Ernst & Young XBRL Netherlands
Ernst & Young XBRL Australia
Ernst & Young XBRL New Zealand
Ernst & Young (Ireland) XBRL Ireland
Ernst & Young Deutsche Allgemeine Treuhand XBRL Germany
Ernst & Young, LLP XBRL United States
Essent N.V. XBRL Netherlands
eStijl Co., Ltd. XBRL Japan
eurodata GmbH & Co. KG XBRL Germany
Exact Automatisering BV XBRL Netherlands
EX-IT XBRL South Africa
eX-IT Software (Pty) Ltd XBRL South Africa
EzGov XBRL Netherlands
FAR SRS XBRL Sweden
Farrell Grant Sparks XBRL Ireland
Federal Deposit Insurance Corporation
XBRL United States
Federal Public Service Finance (BE) XBRL Belgium
Federal Public Service ICT (BE) XBRL Belgium
FERMAT XBRL France
FifthWeb XBRL New Zealand
FINAN Financial Analyis XBRL Netherlands
Financial Executives International
XBRL United States
Financial Services Board XBRL South Africa
Finansrådet XBRL Denmark
Finanstilsynet XBRL Denmark
Finanzverwaltung des Landes NRW vertreten durch das Rechenzentrum der Finanzverwaltung NRW XBRL Germany
FINHARMONY XBRL France
FIRM Solutions BV XBRL Netherlands
Firstrand XBRL South Africa
Fitch Ratings XBRL United States
Fitch Ratings Ltd XBRL United Kingdom
Focus IT A/S XBRL Denmark
Föreningen SIE-Gruppen XBRL Sweden
34
Organisation Name Jurisdiction
Forum Systems XBRL United States
FPS Economy, Directorate-general Statistics Belgium XBRL Belgium
Fraunhofer Institut für Integrierte Publikations- und Informationssysteme XBRL Germany
FRR XBRL Denmark
Fry & Bonthrone Partnerschaft XBRL Germany
FSR XBRL Denmark
Fujitsu XBRL Spain
FUJITSU Enabling Software Technology GmbH XBRL Germany
Fujitsu FIP Corporation XBRL Japan
Fujitsu Ireland XBRL Ireland
Fujitsu Korea Ltd. XBRL Korea
Fujitsu Limited XBRL United States
Fujitsu Ltd. XBRL Japan
FUJITSU PRIME SOFTWARE TECHNOLOGIES LIMITED XBRL Japan
Galexy Pty Ltd XBRL Australia
GE Factofrance XBRL France
German CPA Society - Verband der Certified Public Accountants in Deutschland e.V. XBRL Germany
GMS Management Solutions S.L. XBRL Spain
Grant Thornton, LLP XBRL United States
Graydon Belgium XBRL Belgium
Graydon Nederland BV XBRL Netherlands
Gridstone Research XBRL United States
Grupo Santander XBRL Spain
Haagse Hogeschool XBRL Netherlands
Hewlett-Packard Española S.L. XBRL Spain
HighRidge Technologies XBRL United States
Hitachi America, Ltd. XBRL United States
Hitachi High-Technologies Corporation XBRL Japan
Hitachi Systems & Services, Ltd. XBRL Japan
HITACHI, Ltd. XBRL Japan
HLB XBRL Poland
HM Revenue and Customs XBRL United Kingdom
hmd software AG XBRL Germany
Organisation Name Jurisdiction
Hogia Redovisning & Revision AB XBRL Sweden
Hyperion Solutions Corp XBRL United States
Hyperion Solutions Corporation XBRL Korea
IASB XBRL United Kingdom
IBM XBRL United States
IBM Business Consulting Services K.K. XBRL Japan
IBM Global Business Services XBRL Spain
IBM Japan, Ltd. XBRL Japan
IBS Nederland BV XBRL Netherlands
ICAEW XBRL United Kingdom
ICO (Instituto de Crédito Oficial) XBRL Spain
IDOM, Inc. XBRL United States
IFIS JAPAN LTD. XBRL Japan
IGAE (Intervención General Administración del Estado) XBRL Spain
iLumen XBRL United States
INDRA Sistemas S.A. XBRL Spain
Infodesa XBRL Spain
Informa-CESCE XBRL Spain
Informática El Corte Inglés (IECISA) XBRL Spain
Information Builders XBRL United States
Information Planning Co., Ltd. XBRL Japan
Information Services International-Dentsu, Ltd. XBRL Japan
Infoteria Corporation XBRL Japan
Inland Revenue Department XBRL New Zealand
INSEE XBRL France
Institut der Wirtschaftsprüfer XBRL Germany
Institut des Experts-comptables et des Conseils fiscaux (BE) XBRL Belgium
Institut des Reviseurs d'Entreprises (BE) XBRL Belgium
Institut Professionnel des Comptables et Fiscalistes Agréés (BE) XBRL Belgium
Institute of Chartered Accountants in Australia XBRL Australia
35
Organisation Name Jurisdiction
Institute of Chartered Accountants in Ireland XBRL Ireland
Institute of Chartered Accountants of New Zealand
XBRL New Zealand
Institute of Management Accountants
XBRL United States
Institutional Risk Analytics XBRL United States
Instituto Censores Jurados Cuentas XBRL Spain
Instituto Nacional de Estadística (INE) XBRL Spain
Integrated Financial Systems AG
Developing Jurisdictions - Direct Participants
Internal Revenue Service XBRL United States
International Accounting Standards Board (IASB)
International Accounting Standards Board
Intersentia XBRL Belgium
Inventive Designers XBRL Belgium
INVOKE XBRL France
Ipedo, Inc. XBRL United States
Iphix XBRL United States
Israel Security Authority
Developing Jurisdictions - Direct Participants
Itello AB XBRL Sweden
Izba Skarbowa Szczecin XBRL Poland
J. Trust Co., Ltd. XBRL Japan
J2R XBRL Netherlands
j3 Technology XBRL Australia
Japan Business Assist Corp. XBRL Japan
Japan Corporate News Network K.K. XBRL Japan
Japan Digital Laboratory XBRL Japan
Japan Finance Corporation for Small and Medium Enterprise XBRL Japan
Japan Information Tech Svc Ind Assoc XBRL Japan
Japanese Bankers Association XBRL Japan
Jiji Press, Ltd. XBRL Japan
JSE XBRL South Africa
JUSTSYSTEM CORPORATION XBRL Japan
Organisation Name Jurisdiction
Justsystems XBRL United States
KantoShinetsu Certified Public Tax Accountants' Association Kawaguchi Branch XBRL Japan
KIBR XBRL Poland
Kinmei Printing Co., Ltd. XBRL Japan
Kluwer Software XBRL Belgium
Knowlysis LLC XBRL United States
Koninklijk NIVRA XBRL Netherlands
Kookmin Bank XBRL Korea
Korea Accounting Standards Board XBRL Korea
Korea Association for CFOs XBRL Korea
KOREA STOCK EXCHANGE XBRL Korea
Korean Agency for Technology and Standards, MOCIE XBRL Korea
Korean Institute of Certified Public Accountants XBRL Korea
KPMG XBRL Denmark
KPMG XBRL Poland
KPMG XBRL South Africa
KPMG XBRL United States
KPMG XBRL New Zealand
KPMG Asesores S.L. XBRL Spain
KPMG Business Resource Management KK XBRL Japan
KPMG CT Information Technology XBRL Netherlands
KPMG Deutsche Treuhand AG XBRL Germany
KPMG Ireland XBRL Ireland
KPMG LLP XBRL United Kingdom
KT XBRL Korea
KYOBO Life Insurance Co., Ltd. XBRL Korea
La Caixa XBRL Spain
LG Electronics Inc. XBRL Korea
LogicaCMG BV XBRL Netherlands
Magnus Informatik A/S XBRL Denmark
Mamut AB XBRL Sweden
Market Wire XBRL United States
Matsushita Electric Works Information Systems CO., Ltd. XBRL Japan
Mazars (Ireland) XBRL Ireland
36
Organisation Name Jurisdiction
Mediafin XBRL Belgium
Merrill Corporation XBRL United States
Metlogy, Inc. XBRL Japan
MICROSOFT XBRL France
Microsoft XBRL Spain
Microsoft B.V. XBRL Netherlands
Microsoft Co., Ltd. XBRL Japan
Microsoft Corporation XBRL United States
Microsoft Deutschland GmbH XBRL Germany
Microsoft DK XBRL Denmark
Ministerie van Financiën XBRL Netherlands
Ministry of Economic Development Companies Office
XBRL New Zealand
Miroku Jyoho Service Co., Ltd. XBRL Japan
MIS GmbH XBRL Germany
Mizuho Bank, Ltd. XBRL Japan
Moody's Investors Service XBRL United States
Morgan Stanley XBRL United States
Movaris XBRL United States
Multi-Access Systems XBRL Canada
MYOB XBRL Australia
National Bank of Belgium XBRL Belgium
NEC Corporation XBRL Japan
Nederlandse Orde van Belastingadviseurs XBRL Netherlands
NeoClarus Inc XBRL United States
New River, Inc. XBRL United States
New Zealand Stock Exchange XBRL New Zealand
NEXTSOLUTION CO., LTD. XBRL Japan
Nihombashi Corporation XBRL Japan
Nihon Keizai Shimbun, Inc. XBRL Japan
Nihon Unisys, Ltd. XBRL Japan
Nikko Systems Solutions, Ltd. XBRL Japan
Nomura Research Institute, Ltd. XBRL Japan
Norbert Flickinger XBRL Germany
NOREA XBRL Netherlands
Norstedts Juridik XBRL Sweden
North Cardinal XBRL United Kingdom
Notoria Serwis XBRL Poland
NOvAA XBRL Netherlands
Organisation Name Jurisdiction
NTT Communications Corporation XBRL Japan
NTT Data Corporation XBRL Japan
NTT DATA Institute of Management Consulting, Inc. XBRL Japan
Numerator XBRL United States
OBIC Business Consultants Co., Ltd. XBRL Japan
OCBF XBRL France
Office of Superintendent of Financial Institutions XBRL Canada
Okamoto & Company International Accounting Office XBRL Japan
Olyfant HB XBRL Sweden
OpenLink Software XBRL United States
Oracle B.V. XBRL Netherlands
Oracle Corporation Japan XBRL Japan
Ordina Finance B.V. XBRL Netherlands
OSK Co., Ltd. XBRL Japan
PCA Corporation XBRL Japan
PinkRoccade Infrastructure Services BV XBRL Netherlands
Pitcher Partners XBRL Australia
Plan-A, LLC XBRL United States
Platinum Services Europe XBRL Belgium
Point Framework, Inc XBRL United States
PPA Gesellschaft für Finanzanalyse und Benchmarks XBRL Germany
PR Newswire XBRL United States
Pragma Tools XBRL Belgium
PriceWaterhouseCooper LLP XBRL United States
PriceWaterhouseCooper LLP XBRL Australia
PricewaterhouseCoopers XBRL United Kingdom
PricewaterhouseCoopers XBRL New Zealand
PricewaterhouseCoopers XBRL Sweden
PricewaterhouseCoopers XBRL Belgium
PriceWaterhouseCoopers XBRL France
PricewaterhouseCoopers XBRL South Africa
PricewaterhouseCoopers (PWC) XBRL Spain
PriceWaterhouseCoopers AG WPG XBRL Germany
37
Organisation Name Jurisdiction
PricewaterhouseCoopers Ireland XBRL Ireland
PricewaterhouseCoopers LLP XBRL Canada
PriceWaterhouseCoopers NV XBRL Netherlands
PrivewaterhouseCoopers XBRL Denmark
Pro Management Automatisering BV XBRL Netherlands
PSA Peugeot Citroen XBRL France
PwC Polska XBRL Poland
Quantrix XBRL United States
QUICK Corp. XBRL Japan
Quicken Australia XBRL Australia
R.S. Rosenbaum & Co. XBRL United States
REACH XBRL Ireland
RED.ES XBRL Spain
Reserve Bank XBRL New Zealand
Resultmaker XBRL Denmark
Reuters America XBRL United States
REUTERS Japan Limited XBRL Japan
Revenue Commissioners XBRL Ireland
Revisor Informatik XBRL Denmark
RIA Tax Compliance/Thomson XBRL United States
Rivet Software XBRL United States
Royal Bank of Canada XBRL Canada
RR Donnelley XBRL United States
S&N AG XBRL Germany
Samil PricewaterhouseCoopers XBRL Korea
Samsung SDS Co., Ltd. XBRL Korea
Sandler Communications XBRL United States
SAP AG XBRL Germany
SAP Japan Co., Ltd. XBRL Japan
SAP Nederland BV XBRL Netherlands
SAP Polska XBRL Poland
SAS Institute XBRL Poland
SAS Institute Inc. XBRL United States
Organisation Name Jurisdiction
Satyam Computer Services Limited
Developing Jurisdictions - Direct Participants
SavaNet XBRL United States
Schenzhen Stock Exchange China
Schleupen AG XBRL Germany
SEG XBRL Poland
Seiko Epson Corporation XBRL Japan
Semansys Technologies XBRL Netherlands
Shanghai Stock Exchange
Developing Jurisdictions - Direct Participants
Shin Ginko Tokyo, Limited XBRL Japan
Shin Nihon & Co. XBRL Japan
SimpleX Data Technologies XBRL United States
SKwP XBRL Poland
Snappy Reports XBRL United States
Softbank XBRL Poland
Software AG XBRL Poland
Software AG XBRL France
Software AG XBRL Spain
Software AG Nederland BV XBRL Netherlands
Soluziona XBRL Spain
SOPRAGROUP XBRL France
South African Institute of Chartered Accountants XBRL South Africa
South African Reserve Bank XBRL South Africa
SRA XBRL Netherlands
SRF XBRL Sweden
SSC Diaz XBRL Netherlands
St Ives Financial XBRL United States
Standard & Poor's XBRL United States
Standard Advantage XBRL United States
Statistics Canada XBRL Canada
Statistics New Zealand XBRL New Zealand
Stock Exchange of Thailand
Developing Jurisdictions - Direct Participants
SUEZ Groupe XBRL France
38
Organisation Name Jurisdiction
Sumisho Computer Systems Corporation XBRL Japan
Sumitomo Mitsui Banking Corporation XBRL Japan
SWaN Corporation XBRL Japan
Takara Printing Co., Ltd. XBRL Japan
Task Technology Pty Ltd XBRL Australia
TaxStream LLC XBRL United States
TCONNECT Inc. XBRL Japan
Technische Universität Bergakademie Freiberg XBRL Germany
Teikoku Databank, Ltd. XBRL Japan
Telefónica Soluciones XBRL Spain
Template Software XBRL United States
Thales Information Systema S.A. XBRL Spain
The Bank of Tokyo-Mitsubishi UFJ, Ltd. XBRL Japan
The Corporate Library XBRL United States
The Japanese Institute of CPAs XBRL Japan
THE KOSDAQ STOCK MARKET INC. XBRL Korea
The Sumitomo Trust & Banking Co., Ltd. XBRL Japan
Thieme Amsterdam XBRL Netherlands
Thomson Financial XBRL United States
TIE Holding XBRL Netherlands
TKC Corporation XBRL Japan
TNT Filings Inc. XBRL Canada
TOA System Co., Ltd. XBRL Japan
Tohmatsu & Co. XBRL Japan
Tokyo Certified Public Tax Accountants' Association Information Systems Committee XBRL Japan
Tokyo Shoko Research, Ltd. XBRL Japan
Tokyo Stock Exchange, Inc. XBRL Japan
Organisation Name Jurisdiction
TOSHIBA SOLUTIONS CORPORATION XBRL Japan
Toyo Keizai Inc. XBRL Japan
UBmatrix, Inc. Australia XBRL Australia
UBmatrix, Inc. France XBRL France
UBmatrix, Inc. Japan XBRL Japan
UC XBRL Sweden
UFJ Bank Limited XBRL Japan
UMANIS XBRL France
Unisys Corporation XBRL United States
UNITEC New Zealand XBRL New Zealand
Universal Business Matrix, Inc (UB Matrix, Inc)
XBRL United States
Universitat de València XBRL Spain
Universiteit van Amsterdam XBRL Netherlands
UpStream Software XBRL United States
VBF Consulting XBRL France
Verband der Vereine Creditreform e.V. XBRL Germany
Vereniging Kamers van Koophandel XBRL Netherlands
Visionart, Inc. XBRL Japan
Visma Scandinavian PC Systems XBRL Sweden
VIVEO XBRL France
West Japan Construction Surety Corporation XBRL Japan
Westpac XBRL Australia
XBI Software, Inc. XBRL Canada
XBRL XBRL France
XBRL in Europe
Affiliate Organisation - XBRL Europe
Xinhua Finance
Developing Jurisdictions - Direct Participants
Yacht XBRL Netherlands
Yayoi Co., Ltd. XBRL Japan
XBRL LUXEMBOURG members not yet added to members website list
1. Commission de Surveillance du Secteur Financier (CSSF),
2. Banque Centrale du Luxembourg (BCL), 3. Commissariat aux Assurances (CAA),
4. Association des Banques et Banquiers, Luxembourg (ABBL),
5. Association Luxembourgeoise des Fonds d’Investissement (ALFI),
6. Association des Compagnies d’Assurances, Luxembourg (ACA),
7. Institut des Réviseurs d’Entreprises (IRE),
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8. Ordre des Experts Comptables (OEC), 9. Service Central de la Statistique et des
Études économiques (STATEC) et 10. Société de la Bourse de Luxembourg S.A.
(BdL).
For more information please contact:
Cheryl Neal
XBRL International
Phone: +1-618-263-4383