leveraging the xbrl consortium j. louis matherne president, xbrl international director – business...
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Leveragingthe XBRL Consortium
J. Louis Matherne
President, XBRL InternationalDirector – Business Assurance & Advisory Services, AICPA
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Why are we here?
To help build a foundation that enables the reengineer of business reporting
That foundation is the standard we call
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Why is a consortium needed?
Members collaborate on standards …
Standards are built through collaboration and consensus
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…but compete on applications
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Members make 3 Investments in XBRL
Financial
Collaborate on standards and adoption
Build XBRLinto products / services
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Benefits of Membership
Substantial technical and networking value Full supply chain community Influence the development and adoption of
XBRL Gain time to market advantage Position your company as an innovator
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So how do you leverage your investment in the XBRL consortium to our best advantage?
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Scope and role of XBRL
ExternalFinancialReporting
BusinessOperations
InternalFinancialReporting
Investment,Lending,
RegulationProcesses Economic
Policymaking
Participants
AuditorsTradingPartners
Investors
FinancialPublishersand Data
Aggregators
Regulators
Software Vendors
ManagementAccountants
Companies CentralBanks
XBRLXBRLXBRLXBRL XBRLXBRLXBRLXBRL
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Scope and role of XBRL
ExternalFinancialReporting
BusinessOperations
InternalFinancialReporting
Investment,Lending,
RegulationProcesses Economic
Policymaking
Participants
AuditorsTradingPartners
Investors
FinancialPublishersand Data
Aggregators
Regulators
Software Vendors
ManagementAccountants
Companies CentralBanks
XBRLXBRLXBRLXBRL XBRLXBRLXBRLXBRL
Collaboration is KEY!!!
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XBRL International is a non-profit consortium
Manage the royalty-free intellectual property Facilitate knowledge sharing among members Provide a framework for further development
Japan
UnitedStates
Australia
Spain
Ireland
GermanyCanada
UnitedKingdom
IASB
China
Sweden
Denmark
Switzerland
Netherlands
NewZealand
Brazil South Africa
Korea
Colombia
Argentina
Singapore
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International Steering CommitteeChair
International Steering CommitteeChair
Sitting Members
* Standing
CACA
AUAU
IASB*IASB*
NLNL
USUS
UKUK
NZNZ
DEDE
Board of Trustees
Jurisdictions1st Vice Chair
1st Vice Chair
XBRL ManagementPresident
Operations Manager
XBRL ManagementPresident
Operations Manager
Preparer, PrivatePreparer, Private
AcademicAcademic
Software & ServicesSoftware & Services
AccountingAccounting
IntermediariesIntermediaries
RegulatorsRegulators
Analyst Analyst
Investor/CreditorInvestor/Creditor
Preparer, PublicPreparer, Public
Supply ChainCommunities 2nd VC
2nd VC
Finance/Audit Committee
Nominating Committee
Executive CommitteeExecutive Committee
1st1st
At Large ISC Representatives
2nd2nd
3rd3rd
4th4th
Credit Risk Assessment
Domain
General Ledger
Marketing & Comm.
Specification
Research & GrantsResearch & Grants
Basel IIBasel II
International Working Groups
Members
JP
Provisional
Spain
Korea
IrelandTaxation
Taxation
ExchangesExchanges
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International Steering CommitteeChair
International Steering CommitteeChair
Sitting Members
* Standing
CACA
AUAU
IASB*IASB*
NLNL
USUS
UKUK
NZNZ
DEDE
Board of Trustees
Jurisdictions1st Vice Chair
1st Vice Chair
XBRL ManagementPresident
Operations Manager
XBRL ManagementPresident
Operations Manager
Preparer, PrivatePreparer, Private
AcademicAcademic
Software & ServicesSoftware & Services
AccountingAccounting
IntermediariesIntermediaries
RegulatorsRegulators
Analyst Analyst
Investor/CreditorInvestor/Creditor
Preparer, PublicPreparer, Public
Supply ChainCommunities 2nd VC
2nd VC
Finance/Audit Committee
Nominating Committee
Executive CommitteeExecutive Committee
1st1st
At Large ISC Representatives
2nd2nd
3rd3rd
4th4th
Credit Risk Assessment
Domain
General Ledger
Marketing & Comm.
Specification
Research & GrantsResearch & Grants
Basel IIBasel II
International Working Groups
Members
JP
Provisional
Spain
Korea
IrelandTaxation
Taxation
ExchangesExchanges
Houseof
RepresentativesSenate
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Preparer, Private SectorPreparer, Private Sector
AcademicAcademic
Software & ServicesSoftware & Services
AccountingAccounting
IntermediariesIntermediaries
Investors/CreditorsInvestors/Creditors
Analyst Analyst
RegulatorsRegulators
Preparers, Public SectorPreparers, Public Sector
Supply ChainCommunities 2nd VC
2nd VC
XBRL International Governance & Operational Structure
Supply Chain Community (SCC) represents a functional area in, or supporting, the business reporting process. It facilitates international activities, collaboration and sharing expertise across borders.
Supply Chain Community members
•Members of an established Jurisdiction•Individuals who participate in the working party of a Provisional Jurisdiction
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XBRL U.S. Structure
XBRL U.S.Steering Committee
Domain
Working Group
Adoption
Working Group
XBRL Int.Steering Committee
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XBRL U.S. Structure
• Set strategy & priorities for US
• Oversee US working group activities
• Oversees US Budget and Finances
• Set US policies
• Outline Expected Commitments from Members
• Oversight of US Portion of XBRL Website
• Identify issues to be raised to XBRL Int.
XBRL U.S.Steering Committee
XBRL Int.Steering Committee
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What you can do? Attend meetings Participate
Take responsibility Communicate
E-groups (XBRL-INT, XBRL-jur, XBRL-public, etc.) Instructions for posting [TOOLS], [GEN], itd. Keep postings to PUBLIC issues (“Hi Mom!”)
Use and post to www.xbrl.org
Look for opportunities in and outside XBRL
Promote XBRL in your community
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Leveragingthe XBRL Consortium
J. Louis Matherne
President, XBRL InternationalDirector – Business Assurance & Advisory Services, AICPA