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XBRL US Progress Report. FEI CFIT Committee Briefing Redmond, 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

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Xbrl us progress report

XBRL US Progress Report

FEI CFIT Committee Briefing

Redmond, WA March 13

One year ago
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

Xbrl us is

the national consortium for XML business reporting standards

developers and owners of the XBRL US GAAP Taxonomies

A new consortium
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

Board of directors
Board of Directors

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 International

Sam Ranzilla, Partner-in-Charge, Professional Practice, KPMG

Dave Sharpe, Partner, National Professional Services Grp, PwC

Peter Wallison, Senior Fellow, American Enterprise Institute

XBRL US Members

Board of Directors

Founder’s Council

Stakeholder Organizations

President & CEO

VP Adoption

VP Domain

VP Services


Steering Committee


Steering Committee

Member ServicesSteering Committee

Private Sector Working Group

Private Sector Working Group

Market Outreach Working Group

Working Group

GAAP Taxonomy Working Group


Working Group

Working Group

Working Group

Working Group

Working Group

Working Group

One year s progress
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

Product: XBRL US GAAP Taxonomies

Base Taxonomies

Supporting Taxonomies

Industry Taxonomies

Commercial and Industrial


Document & Entity Information(dei)

SEC Certification(sec-cert)

All GAAP Concepts(us-gaap)



Real Estate


Managements Report(mr)


Data Types(us-types)

Banking and Savings


Brokers and Dealers


Managements Discussion & Analysis


Extended Link Roles


Master View of All Industries


Company Created



(if necessary)

Instance Document

Taxonomy public review
Taxonomy Public Review

Target Audiences:

public companies, analysts, investors, software providers

data aggregators, other intermediaries


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
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

Shifting from development to production support and maintenance
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



[email protected]


Technical Support



Masters Classes

Preparers Guide


Other Publications

Market Outreach



training and publications content

CHANGE REQUESTS from industry, analysts, public, standard setters & SEC






Software Developers


Investors & Analysts


Change Report Recommendations

Impact statements


Taxonomy Manager


Vice Pres, Domain

xbrl.us namespace

XBRL US GAAP Taxonomies

Incremental updates via XBRL extensions, new version yearly

Taxonomy Manager

Comment & Change Request Documents (CCRD)

Comment & Change Request Documents (CCRD)

Comment & Change Request Documents (CCRD)

Testing and approval

Testing Manager

xbrl.us US GAAP Taxonomy Working Group (advisory)

CCRDs logged in public database