should taxonomies be open-source? panel debate david bray iasc foundation contracts coordinator...
Post on 19-Dec-2015
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Should Taxonomies be Open-Source?
Panel DebatePanel DebateDavid Bray
IASC Foundation Contracts Coordinator
Michal PiechockiIASC Foundation XBRL Team
2Should Taxonomies be Open-Source?
IntroductionOpen and Closed Source
Open SourceSource code is publicly availableVoluntary participation, open projectsIdea of cooperationOpen to all contributorsSource code is “Free” – Additional services can be charged forSample projects: Linux, Mozilla Firefox, Eclipse
Closed SourceClosed projects, source code not required to be publicly availableProject usually managed by a single legal entityOnly selected members contribute (restricted)Contribution only from within the groupProprietary products for saleSample products: Windows, Oracle etc.
4Should Taxonomies be Open-Source?
The author(s) of the taxonomy
GNU General Public License
IASC Foundation
IASC Foundation Taxonomy License
Who owns the taxonomy?
Ownership
5Should Taxonomies be Open-Source?
Anyone can modify (extend) The author owns the extension
The GNU GPL applies to the modifications
GNU General Public License
Anyone can modify (extend) The author owns the extension
The owner can licence the taxonomy under any terms they choose
IASC Foundation Taxonomy License
Who can extend? Who owns the extension?
Extensions
6Should Taxonomies be Open-Source?
Anyone can translate The author owns the translation
GNU GPL applies to the translation
GNU General Public License
Only with IASC Foundation consent IASC Foundation coordinates translation
IASC Foundation owns the translation and releases it under IASC Foundation Licence
IASC Foundation Taxonomy License
Who can translate? Who owns translation?
Translations
7Should Taxonomies be Open-Source?
Anyone can use or implement the taxonomy, extensions or translations The GNU GPL does not restrict use
Distribution may be charged for, but is of limited valueRelated services may be charged for
GNU General Public License
Anyone can use or implement the Taxonomy, translation is restrictedUse is restricted, but IASC Foundation allows most potential uses
Cannot charge for supplying the taxonomyMay charge for related products and services
IASC Foundation Taxonomy License
Who can implement? The scope of implementation?
Implementation
8Should Taxonomies be Open-Source?
Anyone GNU GPL should be mentioned
GNU General Public License
Anyone Under XBRL IP Policy
Unrestricted
IASC Foundation Taxonomy License
Who can publish information about the taxonomy?
Publication
9Should Taxonomies be Open-Source?
Anyone – unrestricted
GNU General Public License
No one from the taxonomy Possible from services
IASC Foundation Taxonomy License
Who can generate revenue from the taxonomy?
Profits
11Should Taxonomies be Open-Source?
IFRS XBRL Taxonomy Internal life cycle
IFRS Standards Release
IASCF / IASBInitial Taxonomy
Drafts
Internal Review & Validation
Taxonomy Release
IFRS Requirements
BusinessEntitiesReview
XBRLTRP / TAP
Taxonomy Update
Issues & CommentsIssues & Comments
Business Entities IASCF XBRL Team XBRL Consortium
12Should Taxonomies be Open-Source?
IFRS XBRL Taxonomy Publication process
Taxonomy Release
Internal issues evaluation
Issue corrected / rejected
Corrections Improvements
New TaxonomyRelease
BusinessEntitiesReview
Issues submission
XBRLTRP / TAP
Issues submission
Business Entities IASCF XBRL Team XBRL Consortium
13Should Taxonomies be Open-Source?
Potential Open Source Development CycleIFRS Standards
Release
IASBIASCF Publish necessary
developments to the Taxonomy
Internal Review & Validation of community submissions
Taxonomy Release
IASCF scope necessaryamendments to taxonomy
Community Review of proposed developments
Issues & Comments
Volunteer groups undertakethe work required
The Community
IASCF XBRL Team
IASCF XBRL TeamInclude accepted submissions
into IASCF Taxonomy
Adoption by Companies
using IFRS XBRL
14Should Taxonomies be Open-Source?
Open Source Collaboration
XBRL Taxonomy
•IASCF carries out quality control.
•Publishes an ‘official’ version of the
Taxonomy which it endorses.
•IASCF contributes the current taxonomy.
•Manages the versioning.•Coordinates the
Community.
Other IFRS Users
XBRL Services Providers
Jurisdictions
RegulatorsCompanies
15Should Taxonomies be Open-Source?
Should Taxonomies be Open-Source?
Panel Debate
Moderator: Josef MacdonaldParticipants:
Joanne Locke (University of Waikato)Marc Van Hilvoorde (XII Domain Working Group Chair)
Bill Swirsky (XII Executive Committee) David Bray (IASC Foundation Contracts Coordinator)
Timo Philipp (IASC Foundation XBRL Team)Michal Piechocki (IASC Foundation XBRL Team)