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Adoption of XBRL Gets Momentum in Asia Pacific PowerPoint PPT Presentation


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12 th XBRL International Conference, Tokyo. Adoption of XBRL Gets Momentum in Asia Pacific. November 7, 2005 Eiichi “Ed” Watanabe Vice Chairman, XBRL Japan A Member of XBRL International Steering Committee A Member of XBRL International Executive Committee. 3 rd Conference. Australia.

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Adoption of XBRL Gets Momentum in Asia Pacific

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Adoption of xbrl gets momentum in asia pacific

12th XBRL International Conference, Tokyo

Adoption of XBRL Gets Momentum in Asia Pacific

November 7, 2005

Eiichi “Ed” Watanabe

Vice Chairman, XBRL Japan

A Member of XBRL International Steering Committee

A Member of XBRL International Executive Committee


Adoption of xbrl gets momentum in asia pacific

3rd Conference

Australia

Thailand

China

Adoption and Awareness of

in Asia Pacific

Taiwan

Hong Kong

Singapore

India

9th Conference

New Zealand

Indonesia

6th Conference

12th Conference

Japan

Korea

Presence of XBRL in the Asia Pacific


Adoption of xbrl gets momentum in asia pacific

Australia

Jurisdictions of

in

Asia Pacific

New Zealand

Japan

Korea

Established Jurisdictions are

Moving Forward


Xbrl australia

  • Started in 2000

  • 23 members

  • Facilitators: CPA Aus., ICAC

  • Taxonomy: IFRS-based

XBRL Australia

  • Adoption:

    • APRA:

    • Stock Exchange


Adoption of xbrl gets momentum in asia pacific

XBRL New Zealand

  • Formed on August 2nd, 2002

  • Facilitator: ICANZ

  • IFRS-based Taxonomy


Adoption of xbrl gets momentum in asia pacific

XBRL Korea

  • Provisional jurisdiction since Oct. 2002.

  • 27 Members

  • Facilitator: KICPA since Dec. 2004

  • Taxonomy

    • Korean GAAP C&I

    • Financial Korean GAAP (end 2005)

    • Corporate Tax Return (end 2005)


Adoption of xbrl gets momentum in asia pacific

XBRL Japan

  • Started in April 2001

  • 84 Members

  • Facilitator: JIPCA

  • Taxonomy

    • Japanese GAAP FS for e-Tax

  • Adoption:

    • Tokyo Stock Exchange,

    • National Tax Agency e-Tax,

    • eL-Tax,

    • Bank of Japan,

    • Financial Services Agency

  • XBRL 2.1 is Japan’s national standards.

    • Japanese Industrial Standards

      • “JIS X 7206:2005” (July, 2005)

      • Ministry of Economy, Trade and Industry


Adoption of xbrl gets momentum in asia pacific

Thailand

China

Activities and Awareness of

in

Asia Pacific

Taiwan

Hong Kong

Singapore

India

Indonesia

Activities in yet-to-be Established Jurisdictions are

Gaining Momentum


Adoption of xbrl gets momentum in asia pacific

China

  • XBRL Pilot Projects at Two Exchanges

    • Shanghai Stock Exchange

    • Shenzhen Stock Exchange


Adoption of xbrl gets momentum in asia pacific

Hong Kong

  • 1st Sharing Forum (XBRL Symposium) – March 1st, 2005

  • Preparation Working Group was formed – April 26, 2005


Adoption of xbrl gets momentum in asia pacific

India

  • XBRL Technology Symposium 2005 being organized.

    • Munbai - Dec 2, 2005

    • New Dehli - Dec 3, 2005


Adoption of xbrl gets momentum in asia pacific

Indonesia

  • XBRL Seminar is scheduled for Dec. 6th, 2005

    • At Jakarta Stock Exchange (JSX)

    • Organized by Indonesia Capital Market Supervisory Agency (Bapepam)

    • Around 100 attendants anticipated.


Adoption of xbrl gets momentum in asia pacific

Singapore

  • XBRL Interest Group was formed on 5th Oct 2005

    • Participated by ICPAS, PwC, SGX, ITSC, SCB, MS, ACTS, …

  • Authority (ACRA) - RFP for XBRL project in Sep 2005


Adoption of xbrl gets momentum in asia pacific

Taiwan

  • Taiwan Stock Exchange project

  • Study Project by Academia


Adoption of xbrl gets momentum in asia pacific

Thailand

  • XBRL Seminar (July 2005)

    • Ministry of Commerce (MOC)

      • Dept of Business Development

    • Accountants community

    • Stock Exchange

    • Other stakeholders


Thank you

Thank You!

For further information, please contact: [email protected]


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