The History of XBRL Mike Willis, CPA Partner, PricewaterhouseCoopers, LLP Founding Chairman, XBRL International Symposium on Information Systems Assurance Integrity, Privacy, Security & Trust in an IT Context October 20-22, 2005

Historical Markers  Overview  Metrics  Jurisdictions  Members 1.Specification 2.Taxonomies 3.Tools  Looking Forward  What you should do next 3 keys to market adoption

The early question…. What problem is it that you think I have that you are trying to solve?

Typical business objective “Increase production and throughput by leveraging the large warehouse engine. Tightly integrate critical business functions and align business processes to enhance flexibility, increase efficiency and productivity.” Does this sound familiar?

“Leveraging the warehouse engine”

From proprietary to infrastructure 1.Rail Road 2.Telegraph 3.Electricity 4.Telephone 5.Shipping 6.Product 7.Networking 8.Internet 9.Information A.RJ 11 B.40’ x 8.5’ x 8’ C.UPC D.HTML / SOAP / Web Services E.4’ 8.5” F.RJ 45 G.Rosettanet, MDDL, XBRL H.Morse Code I.120V, 50Hz Match the infrastructure to the standard Candy?

Anticipated Adoption Curve….. What do you think it looks like? Time XXXXXX ###

Calendar of Major Events

The First time……..

Calendar of Major Events

The Morgan Stanley Session

Calendar of Major Events

XBRL Specification Timeline XBRL 1.0 XBRL 2.0 XBRL 2.0a XFRML Tulip XBRL /99 6/00 12/0131/125/0311/02 Boston Mtg. 12/00 Tampa Mtg. XML Schema 5/01 External Deadline on 2.1 XML Linking XML XML Link 1998 XBRL 2.1

XBRL International Jurisdiction Growth Time Jurisdictions October, 2001 Australia Canada Germany IASB Japan Netherlands UK US August, 2002 New Zealand March, 2004 Ireland Spain Provisional Jurisdictions October, 2005 Belgium Denmark France Korea Poland South Africa Sweden UAE

XBRL Membership Growth Time Members

XBRL Taxonomy Growth Time Public Taxonomies June, 2001 General Ledger January, 2004 UK GAAP 2.0 Canada GAAP June, 2004 IFRS GAAP NZ GAAP UK GAAP February, 2005 US GAAP C&I US GAAP Bank US GAAP Ins SEC Certification Mgmt Report Accountants Report MD&A July, 2005 China Framework IFRS GAAP US GAAP Invest Mgt Nov, 2005 General Ledger This does not include any private taxonomies such as those prepared for statutory purposes.

XBRL Tools Growth (Representative Listing) Time Tools Caseware Creative Solutions DynAccSys Xabra Fujitsu XWand J2R Batavia Data Driver Hitachi CBRP Metapraxis Microsoft Business Solutions Rivet Software UBMatrix Automator Pro DecisionSoft True North Allocation Solutions Edgar-Online IMetrix Hitachi Ximba Hitachi XiRute IBS Open Digital Reporting Ipedo EII Oracle XBI Software UBMatrix Tool Kit UBMatrix Converter Software AG Hyperion Navision XBRL Solutions IBMatrix Fujitsu SAP Snappy Reports High Ridge Technologies FR Solutions Covarity SavaNet FDIC Vendors DBI Financial Systems, Inc. FinArch FRS Global Financial Reporting & Analytics IDOM, Inc. Information Technology, Inc. Fidelity Regulatory Solutions Jack Henry & Associates Inc. Adobe Core Filings Semansys Integrator Semansys Analyzer Semansys Deployment Manager Semansys Composer Carthesis Edgar-Online IMetrix

Key XBRL Canada Milestones  January, 2001 – XBRL Canada (XBRL-CA) joins XBRL International as an established Jurisdiction  June, 2002 – XBRL-CA hosts the 5th XBRL International Conference in Toronto  January, TSX Group Inc. (TSX Group) becomes the first Canadian public company, as well as the first publicly-listed stock exchange globally, to publish its annual financial results in XBRL.  November XBRL-CA publishes a bilingual Canadian GAAP Taxonomy for Primary Financial Statements

CA UK IE AU NO JP NZ NL DE CN Tax Authorities Pilot Committed

US UK JP ES SE CN ZA AU DE DK Financial Banking Regulators Pilot Committed KR SG FR NZ NL LuX Portugal BE EU CEBS

Exchanges & Equity Regulators Sao Paulo NZSE ASX Johannesburg Shenzen EuroNext KOSDAQ Tokyo Singapore SWX Lux Pilot Live Eval TSX OBX LSE CSE Deutsche Börse Deutsche Börse Taipei SEC Kore a Shanghai

X X X X The early question………….? Where do the analysts who cover your company obtain the data used to populate their valuation models on your company? A.My company financial statements B.My press releases C.My Public Securities filings D.My Investor Relations Team E.A third party selling data tagged in a foreign country

Some Consequences (there are more) An Example

Anticipated Adoption Curve….. What do you think it looks like? Time Public Expectations Metcalfe’s Rule Market Adoptions Utility

What you should do next  Get more involved!  Academics – research questions 1.Assess distortion within current supply chain 2.SOA compliance penetration 3.Collaborate on public reporting taxonomies  Practitioners 1.External Reporting Assessments 2.Internal Process Assessments 3.Collaborate on public reporting taxonomies

XBRL Canada Next Steps  October /November XBRL-CA to hold 1st Canadian XBRL conference for Financial Services  November 1 - Public Day seminar For Membership information:  XBRL Canadawww.xbrl.cawww.xbrl.ca  XBRL US

The History of XBRL Mike Willis, CPA Partner, PricewaterhouseCoopers, LLP Founding Chairman, XBRL International Symposium on Information Systems Assurance Integrity, Privacy, Security & Trust in an IT Context October 20-22, 2005

=IMetrix(Company,Taxonomy,"usfr- pte:Assets","A",LastFiscalYear) ‘Total Assets’ = IMetrix(Company,Taxonomy,"usfr- pte:Assets","A",LastFiscalYear)

=IMetrix(Company,Taxonomy,"usfr- pte:TotalCurrentAssets","A",LastFiscalY ear) / IMetrix(Company,Taxonomy,"usfr- pte:CurrentLiabilities","A",LastFiscalYear ) ‘Current Ratio’ = IMetrix(Company,Taxonomy,"usfr- pte:TotalCurrentAssets","A",LastFiscalYear) / IMetrix(Company,Taxonomy,"usfr- pte:CurrentLiabilities","A",LastFiscalYear)