 AICPAThe American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with approximately 330,000 members, including CPAs in business and industry, public practice, government, and education. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination.
The AICPA’s mission is to provide members with the resources, information, and leadership that enable them to provide valuable services in the highest professional manner to benefit the public as well as employers and clients. XBRL is a major initiative for the AICPA as we strive to improve financial reporting both in ease of preparation and consumption by consumers.
XBRL was conceived in 1998 by Charlie Hoffman, a CPA in a small firm in Washington State, who enlisted the AICPA’s support and together they became the catalysts for launching XBRL. Through the efforts of the AICPA and its members, a framework of specifications and taxonomies was produced to support providing a standard, XML-based language for digitizing business reports. XBRL US operated under the AICPA volunteer committee structure from 1999-2006 until it became a separate, not-for-profit organization in September 2006.
As a founder and an active member of XBRL US, the AICPA supports adoption through the development of education and tools to help our members implement and adopt XBRL. The AICPA is also dedicated to providing thought leadership on the evolution of business reporting and assurance needs through its Assurance Services Executive Committee (ASEC), which is currently addressing the assurance implications of XBRL. AICPA staff and its members are represented on many committees and task forces of XBRL US and XBRL International, and AICPA holds a seat on the XBRL International Steering Committee.
|  Deloitte & Touche LLPAs one of the founding members of the XBRL International consortium, Deloitte is an active participant in XBRL development around the globe. Deloitte works with clients in both the public sector and industry helping them to understand, implement and benefit from the potential of XBRL.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas – audit, tax, consulting, and financial advisory services – and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte& Touche,” “Deloitte Touche Tohmatsu,” or other related names.
In the U.S., Deloitte& Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries) and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel.
|  Depository Trust & Clearing Corporation (DTCC)The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC's depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 110 other countries and territories, valued at $27.6 trillion. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas.
|  Ernst & YoungErnst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Its 106,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality and professionalism to provide clients with solutions based on financial, transactional and risk-management knowledge in Ernst & Young’s core services assurance, corporate finance and tax, including audit, valuations, online security, business risk services and e-business acceleration. Ernst & Young practices also provide legal services in those parts of the world where permitted. Delivering value that clients care about is the cornerstone of Ernst & Young. Ernst & Young refers to all the members of the global Ernst & Young organization.
Ernst& Young is the Big Four global leader in providing Web-Enabled Business Reporting services, ranging from providing Assurance to XBRL specific solutions. Ernst & Young was one of the original firms which launched the XBRL consortium back in 1999 and continues to be represented on most of the International and Country consortium committees today. The adoption of XBRL promises to help companies make faster and better decisions, while reducing costs. Additionally, widespread adoption of XBRL will permit financial analysts, investors, accountants, government agencies, internal users, and other interested parties to access, compare, and analyze data in ways that currently are not practical or even possible.
As with all transformational technologies, timing of the adoption process is critical to your business — too early results in unnecessary costs while too late results in missed opportunity. Ernst& Young has developed a point-of-view and implementation process around internal and external web-enabled business reporting which maximizes the benefits, while minimizing the costs and level of effort. Forward-thinking organizations looking to gain competitive advantage are already leveraging their efforts in pilot projects inside their organizations. We encourage you to evaluate how your organization can utilize XBRL in external and internal business reporting activities in order to bring the promised productivity benefits to both the market as a whole and to your organization. Contact Ernst & Young to assist you in determining “what to do when.”
|  Grant Thornton LLP
Grant Thornton LLP is the United States member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations. Through member firms in 110 countries, including 49 offices in the United States, the partners and employees of Grant Thornton member firms provide personalized attention and the highest quality service to public and private clients around the globe.
Grant Thornton has been a member of XBRL since 2000 and is active in a number of XBRL Working Groups. Grant Thornton people serve as the Vice-Chair of the XBRL-US Adoption Working Group, Chair of the XBRL Accounting Working Group, and are actively working to develop the capability to provide Assurance over XBRL Instance Documents. The quality and transparency of financial information is critical to the health of markets and the economy. Grant Thornton believes that XBRL, coupled with Enhanced Business Reporting (EBR), provide the cornerstones for more transparent information leading to better management, better governance and better markets.
|  KPMG LLPKPMG LLP is the audit and tax firm that has maintained a continuous commitment throughout its history to providing leadership, integrity and quality to the capital markets. The Big Four firm with the strongest growth record over the past decade, KPMG offers clients scale, global reach, industry insights and a multidisciplinary range of services. KPMG LLP (www.us.kpmg.com) is the U.S. member firm of KPMG International. KPMG Internationalís member firms have nearly 100,000 professionals, including 6,600 partners, in 150 countries.
KPMG is one of the founding members of the XBRL International consortium and is extremely active in the development and adoption of this remarkable technology around the world.
We are the first professional services organization with a team of full-time professionals dedicated to XBRL. KPMG member firms helps clients in this field understand and clarify their business needs. Applying tools and methodologies that leverage knowledge, we help clients resolve problems and manage risk. KPMG's Global XBRL Services Team helps the not-for-profit XBRL International consortium improve and promote XBRL and supports KPMG professionals in the delivery of XBRL-related products and services to KPMG member firms clients everywhere.
Notable accomplishments in this field include:
• Co-editors of the XBRL specification
• Co-editors of the first XBRL taxonomy
• First professional services firm to support a full XBRL implementation
• Developer of taxonomies for a national companies regulator in Europe
• Delivery of feasibility study and production-ready complex taxonomy development, including formula support, for a U.S. regulator
• Delivery of taxonomy production and information navigation tools for an Australian regulator
• Review and strategy work with a number of software vendors
|  Microsoft CorporationFounded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Microsoft® FRx® is a financial reporting application that gives small and midsized businesses and divisions of large enterprises immediate control of their entire financial reporting process. FRx supports both XBRL and XML standards for streamlining the exchange of financial data. FRx is available for use with virtually any general ledger (including the Microsoft Business Solutions’ general ledgers) as well as with Microsoft Forecaster, Microsoft’s budgeting and planning application.
|  PricewaterhouseCoopers LLPPricewaterhouseCoopers provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.
PricewaterhouseCoopers is a leading participant in the XBRL market community in the US and in all jurisdictions internationally. Our people are active as working group members, local jurisdiction chairs and have served as XBRL International Steering Committee chair. PricewaterhouseCoopers provides clients with seamless integration of XBRL expertise within a wide range of services including its innovative business reporting, risk management, performance solutions and compliance services. The organization is currently helping many clients around the world to efficiently leverage the benefits of XBRL-enhanced processes.
|  SWIFTSWIFT is a member-owned cooperative that provides the communications platform, products and services to connect over 8,500 banking organisations, securities institutions and corporate customers in more than 200 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
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