XBRL US Progress Report

FEI CFIT Committee BriefingRedmond, WA March 13

One year ago …

• AICPA had just “spun off” XBRL US, Inc.• SEC awarded $54 million to modernize EDGAR• Commercial-strength taxonomies planned• United Technologies case study presented at

National SEC/PCAOB Conference• March 9 – final contract awarded to XBRL US

to develop and test US GAAP taxonomies

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XBRL US is…

the national consortium for XML business reporting standards

developers and owners of the XBRL US GAAP Taxonomies

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a new consortium

From grassroots to professionally staffed• Core staff team of seven hired• US GAAP Taxonomy contract awarded• Domain Steering Committee established• 7 of 9 Founders Council members seated• Communications Steering Committee elected• 12 Member Board of Directors seated

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Board of Directors

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Al Berkeley, Chairman and CEO, Pipeline Trading Systems Barry Melancon, President and CEO, AICPA Jeff Diermeier, President and CEO, CFA Institute Taylor Hawes, Controller, Microsoft Randy Fletchall, Vice Chair – Ernst & Young LLP Sunir Kapoor, President and CEO, UBmatrix Robert Kueppers, Deputy CEO, Deloitte Phil Moyer, CEO and President, Edgar Online Mike Starr, COO, Grant Thornton InternationalSam Ranzilla, Partner-in-Charge, Professional Practice, KPMG Dave Sharpe, Partner, National Professional Services Grp, PwCPeter Wallison, Senior Fellow, American Enterprise Institute

XBRL US Members

Board of Directors Founder’s Council

President & CEO

VP Domain VP ServicesVP Adoption

Adoption Steering Committee

DomainSteering Committee

Member ServicesSteering Committee

Private Sector W

orking Group

Private Sector W

orking Group

Working G

roup

GAAP Taxonom

y W

orking Group

Working G

roup

Working G

roup

Working G

roup

Working G

roup

Taxonomy

Architecture

Working G

roup

Working G

roup

Stakeholder Organizations

Market

Outreach

Working G

roup

One year’s progress• Increased public awareness of XBRL standard• Developed XBRL US GAAP Taxonomies• Technical review and testing by SEC, FASB, and

representatives of the accounting profession• Facilitated and evaluated new software tools• Developed Preparers Guide for filers• 120-day public review for taxonomies and Guide• Support and maintenance plan

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Product: XBRL US GAAP Taxonomies

Commercial and Industrial (us-gaap-master-ci)

Managements Report

(mr)

AccountantsReport

(ar)

SEC Certification(sec-cert)

Banking and Savings(us-gaap-master-

basi)

Insurance(us-gaap-master-ins)

Real Estate (us-gaap-master-re)

Brokers and Dealers (us-gaap-master-bd)

ExtensionTaxonomy

(if necessary)

Instance Document

Managements Discussion &

Analysis (mda)

All GAAP Concepts(us-gaap)

Document & Entity Information

(dei)

Supporting Taxonomies

Master View of All Industries(us-gaap-master)

Industry Taxonomies Base Taxonomies

Data Types(us-types)

Extended Link Roles

(us-gaap-roles)

Company Created

Taxonomy Public Review

Target Audiences:• public companies, analysts, investors, software providers• data aggregators, other intermediaries

Offering:• single web portal for “one stop shop” for reviewers• easy access to taxonomies and tools• educational materials and user guides• use cases to facilitate self-service review

Ends April 4, 2008

Taxonomy and Preparers Guide Comments

• Almost 3,000 comments received on taxonomies and Preparers Guide

• Roughly a third are still “open” status• A surge in last two weeks of review is possible• All items to bee closed by April 18• Final delivery of taxonomies to SEC April 28

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Preparers Guide v3 - Monday

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RECENT MARKET OUTREACH ACTIVITIESFeb 5 Merrill Public Review WebinarFeb 19 XBRL and the Public Review WorkshopFeb 25 RIXML Public Review Workshop - AnalystsFeb 26 RIXML Public Review Workshop - SoftwareFeb 27 CFA Institute Road showFeb 28 National Association of Real Estate Investment Trusts WorkshopMar 4 Merrill Public Review WorkshopMar 5 AICPA Stockbrokerage industry group - in-person eventMar 5 NeoClarus WorkshopMar 5 Edison Electric Industry WorkshopMar 6 RR Donnelley Workshop for VFP/RRD clientsMar 6 Bear Stearns Client Program 1 Mar 7 Bear Stearns Client Program 2Mar 7 Bear Stearns Analyst EventMar 13 Institute of Management Accountants Public Review Workshop Mar 11 Mark Bolgiano to speak on Compliance Week webinarMar 13 Mark Bolgiano to speak at CIFIR meeting

Shifting from development to production:

support and maintenance• transparent, consistent change management• predictable versioning policy• taxonomies in sync with GAAP and SEC• solicitation and incorporation of user feedback• reflecting XBRL best practices as they evolve• education, training, and technical support• product manageremnt and customer service

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UPDATES

totraining and publications

content

CHANGE REQUESTS

from industry, analysts, public, standard setters

& SEC

Technical Support

Su

pp

or

t

Market Outreach

;

Main

tenan

ce

Taxonomy Manager

Vice Pres, Domain

Testing Manager

www.xbrl.us support@xbrl.us1-800-810-6907

WebinarsWorkshops Masters Classes

Preparers Guide

Comment & Change Request

Documents (CCRD)

CCRDs logged in public database

TechnicalGuide

Comment & Change Request

Documents (CCRD)

Comment & Change Request

Documents (CCRD)

xbrl.us namespace

XBRL US GAAP Taxonomies

Incremental updates via XBRL extensions, new version yearly

Change Report RecommendationsImpact statements

xbrl.usTaxonomy Manager

xbrl.us US GAAP Taxonomy

Working Group (advisory)

Testing and approval

Other Publications

Investors & AnalystsPublic AggregatorsSECFASB Software

DevelopersAuditorsPreparers