Is XML an enabler of Assurance Services?

Slides:



Advertisements
Similar presentations
XML - Beyond the Hype Everything you must know to succeed in implementing XML Lisa Shreve - Syscom Strategies Mike Rawlins - Rawlins EDI Consulting.
Advertisements

XML-XSL Introduction SHIJU RAJAN SHIJU RAJAN Outline Brief Overview Brief Overview What is XML? What is XML? Well Formed XML Well Formed XML Tag Name.
DOCUMENT TYPES. Digital Documents Converting documents to an electronic format will preserve those documents, but how would such a process be organized?
XML: Extensible Markup Language
XML/EDI Overview West Chester Electronic Commerce Resource Center (ECRC)
XML and Enterprise Computing. What is XML? Stands for “Extensible Markup Language” –similar to SGML and HTML –document “tags” are used to define content.
Is XML an enabler of Assurance Services? “Unlocking the Treasures of Standards” EDGAR ® ® NLINE O O SM Presented by: Liv A. Watson Director – EDGAR Online.
1 Neal Hannon and Saeed Roohani XBRL Educational Resource Center At Bryant College XBRL Education Co-Chair Phone:
XML, XSL, XSLT, XHTML and others By Sean Hunter. Why XML?  XML was created to be a quick and easy way to provide structured data over the web.  Existing.
XML A brief introduction ---by Yongzhu Li. XML --- a brief introduction 2 CSI668 Topics in System Architecture SUNY Albany Computer Science Department.
Outline IS400: Development of Business Applications on the Internet Fall 2004 Instructor: Dr. Boris Jukic XML.
W3C Activities HTML: is the lingua franca for publishing on the Web XHTML: an XML application with a clean migration path from HTML 4.01 CSS: Style sheets.
1 Neal Hannon and Saeed Roohani XBRL Educational Resource Center At Bryant College XBRL Education Co-Chair Phone:
Copyright © 2003 Pearson Education, Inc. Slide 1-1 Created by Cheryl M. Hughes, Harvard University Extension School — Cambridge, MA The Web Wizard’s Guide.
Accounting Information Systems (ACCT 312) XBRL: eXtensible Business Reporting Language PowerPoint Presentations.
XML – Extensible Markup Language Sivakumar Kuttuva & Janusz Zalewski.
Pemrograman Berbasis WEB XML part 2 -Aurelio Rahmadian- Sumber: w3cschools.com.
XML at Work John Arnett, MSc Standards Modeller Information and Statistics Division NHSScotland Tel: (x2073)
XML – Extensible Markup Language XML eXtensible – add to language. Markup – delimit info using tags. Language – a way to express info.
Introduction technology XSL. 04/11/2005 Script of the presentation Introduction the XSL The XSL standard Tools for edition of codes XSL Necessary resources.
Introduction to XML Eugenia Fernandez IUPUI. What is XML? From the World Wide Web Consortium (W3C) The Extensible Markup Language (XML) is the universal.
Another PillowTalk Presentation  2004 Dynamic Systems, Inc. Introduction to XML for SOA Lee H. Burstein,
XML Overview. Chapter 8 © 2011 Pearson Education 2 Extensible Markup Language (XML) A text-based markup language (like HTML) A text-based markup language.
1 © Netskills Quality Internet Training, University of Newcastle Introducing XML © Netskills, Quality Internet Training University.
XHTML,XML M.Abdullah Mrian. What is the XHTML Why XHTML ?
EXtensible Markup Language (XML) and Documentation --ManojBokil -- Manoj Bokil.
Intro. to XML & XML DB Bun Yue Professor, CS/CIS UHCL.
XML About XML Things to be known Related Technologies XML DOC Structure Exploring XML.
XML TUTORIAL Portions from w3 schools By Dr. John Abraham.
XML A web enabled data description language 4/22/2001 By Mark Lawson & Edward Ryan L’Herault.
Presentation Topic: XML and ASP Presented by Yanzhi Zhang.
Introduction to XML This presentation covers introductory features of XML. What XML is and what it is not? What does it do? Put different related technologies.
1 Credits Prepared by: Rajendra P. Srivastava Ernst & Young Professor University of Kansas Sponsored by: Ernst & Young, LLP (August 2005) XBRL Module Part.
XML Basics A brief introduction to XML in general 1XML Basics.
XML Engr. Faisal ur Rehman CE-105T Spring Definition XML-EXTENSIBLE MARKUP LANGUAGE: provides a format for describing data. Facilitates the Precise.
XML and Its Applications Ben Y. Zhao, CS294-7 Spring 1999.
XML, XSL, and SOAP Building Object Systems from Documents CSC/ECE 591o Summer 2000.
COMP9321 Web Application Engineering Semester 2, 2015 Dr. Amin Beheshti Service Oriented Computing Group, CSE, UNSW Australia Week 4 1COMP9321, 15s2, Week.
Web Technologies Lecture 4 XML and XHTML. XML Extensible Markup Language Set of rules for encoding a document in a format readable – By humans, and –
XML CSC1310 Fall HTML (TIM BERNERS-LEE) HyperText Markup Language  HTML (HyperText Markup Language): December  Markup  Markup is a symbol.
XML Tools (Chapter 4 of XML Book). What tools are needed for a complete XML application? n Fundamental components n Web infrasructure n XML development.
 XML derives its strength from a variety of supporting technologies.  Structure and data types: When using XML to exchange data among clients, partners,
XML Extensible Markup Language
Company Regulator Problem = Exchange of data between regulated entity and regulator Regulator solution = Use XML Schema to define terms for exchange. Regulator.
1 Introduction to XML Babak Esfandiari. 2 What is XML? introduced by W3C in 98 Stands for eXtensible Markup Language it is more general than HTML, but.
Beyond HTML: Extensible Markup Language (XML)
Kynn Bartlett 11 April 2001 STC San Diego The HTML Writers Guild Copyright © 2001 XML, XHTML, XSLT, and other X-named specifications.
HTML 2.0HTML 3.2 HTML 4.0 HTML 4.01 XHTML malformed, non-standard markup.
XML BASICS and more…. What is XML? In common:  XML is a standard, simple, self-describing way of encoding both text and data so that content can be processed.
XSLT: The XML transformation language
The Object-Oriented Thought Process Chapter 11
XML Related Technologies
IS 356 IT for Financial Services
XML QUESTIONS AND ANSWERS
Chapter Eight Interoperability How to Build a Digital Library
AN INTRODUCTORY LESSON TO MAKING A SIMPLE WEB PAGE By: RC Emily Solis
Managers’ briefing: Why XBRL?
Session I - Introduction
Session I - Introduction
Database Processing with XML
Prepared for Md. Zakir Hossain Lecturer, CSE, DUET Prepared by Miton Chandra Datta
November 22, 2002 Patricia Galloway School of Information
XML Data Introduction, Well-formed XML.
XML Introduction By Hongming Yu Feb 6th, 2002.
Introduction to World Wide Web
CSE591: Data Mining by H. Liu
XBRL For Tax Compliance
Audit, Assurance and XBRL
Web Programming : Building Internet Applications Chris Bates CSE :
XML – An Introduction XML is getting a lot of attention right now, because of it leverages existing internet infrastructure and also because it enables.
Presentation transcript:

Is XML an enabler of Assurance Services? EDGAR ® NLINE O SM Is XML an enabler of Assurance Services? “Unlocking the Treasures of Standards” Presented by: Liv A. Watson Director – EDGAR Online

Agenda Communication Problems XML XML Standards Is XML an enabler of continuous auditing and assurances

Is There A Problem? From Evansville Courier and Press

What is XML (Extensible Markup Language) ? is a markup language for documents containing structured information. Consortiums Taxonomies Specifications

How does it work? XML gives meaning to information through the use of tags <Customer> <Name>Liv A. Watson</Name> <Company>Edgar Online Inc.</Company> <Title>Director</Title> <Age>22</Age> </Customer> Caution.. …Just because something is <tagged>.. Does not mean it is accurate?

Why is XML so Important? Portable Vendor neutral Readable data format More flexible and easier to use than EDI All major software products are becoming “XML” enabled Defacto standards for data exchange Enabling new levels of interoperability

Extensible Markup Language …is a meta markup language the World Wide Web Consortium (W3C) considers a universal standard for describing both structured data and the behavior of applications that process the language. XML

XBRL Adds Reporting to E-Commerce Investors Aggregators Regulators Creditors Lenders Tax Website One way BUSINESS ERP G/L Packages CRM 2-way Transaction Creation Suppliers Customers Orders A/P Delivery Orders A/R Delivery

XBRL Adds Reporting to E-Commerce BUSINESS Investors Aggregators Regulators Creditors Lenders Tax Website Transaction Creation ERP G/L Packages CRM Orders A/P Delivery Customers A/R 2-way Suppliers One way XBRL BUSINESS REPORTING (e-)Commerce OTHER XML INITIATIVES

XML Technologies Markup Presentation Schema Relationship/Queries eXtensible Markup Language (XML 1.0) Presentation eXtensible Stylesheet Language (XSL) eXtensible Stylesheet Language Transformations (XSTL) Schema Document Type Definition (DTD) Resource Description Framework (RDF) XML Data Schema Namespaces Relationship/Queries XML Linking Language (XLL) XML Query Language (XQL) XML is short hand for a set of that together provide a way of handling text in machine readable form. These are just a few of them…. XML 1.0 (Extensible Markup Language) The W3C recommendation for text based storage of structured data, by marking up a document in XML. XSL (Extensible Stylesheet Language) Flexible formatting and display of XML data like a CSS stylesheet – presentation. XSLT (Extensible Stylesheet Language Transformations) works with a style sheet to transform the XML docs for presentation – also allows applications to filter, reorder and add data elements when presenting the document. Current use of XML on the web is transformed into HTML for current non-XML browsers. RDF (Resource Description Framework) an application of XML specifying a structure for metadata for web resources. DTD (Document Type Definitions) and XML Data Schema – these can all be shared by documents - RDF being a data model and syntax and schema for metadata descriptions of Web Resources XML (Namespaces) Mechanism for resolving XML tag and attribute name conflicts in the DTDs used by authors – public in the form of unique URLS XLL (XML Linking Language) defines tags multi directional links and more generally, how documents will be able to retrieve information from each other. XQL (XML query language) extracting, transporting large amounts of data from XML docs or sending queries to XML sources

The Reason for Standards Hello? Hejsan? Bon Jour! There can be no doubt that standards are a desirable prerequisite for commerce - especially international trade and communications. However, the standards of which we are most concerned revolve around communication protocols and document standards. The Reason for Standards

XML Is a Standard The problem with standards …. But this is changing. Door opener. ‘XML? Yes, we can handle that.’ Normalization. Content type becomes irrelevant.

XML’s Role in the Continuous Assurance Market Place XML is making life easier for integrators. This is a good thing. XML is becoming the preferred format for many sources of financial information. The result: There are real opportunities for changing the way the business thinks about market data.

XML’s Contribution to a Continues Assurances A standard. We’re all talking the same language. Flexibility. All data types covered; flexible approach to display. Cost. Opportunities for significant savings vs. existing solutions.

New Application Features Focus on online processing rather than batch processing; Enable contextual message processing rather than stand-alone message transport; Allow concurrent, not sequential, exchange of information; Allow real-time data communication, processing and update capabilities.

XBRL Issues Foundational Conflicts Data centric XBRL disclosures Document centric traditional disclosures    Roger Human usage Data extraction Print Web

Single XML Vocabulary? It is a matter of… Timing Organizations need to decide when they can migrate to this new way of developing standards Education Organizations need to understand/utilize the standards methodology Governance Organizations need to understand their role in future standards development through the standards repository

References Wiley Publication Fall 2002 Miklos A. Vasarhelyi KPMG Professor of AIS Liv A.Watson, Director of XBRL- EDGAR Online, Inc. Brian L. McGuire, Ph.D. CPA, CMA Department of Accounting and Business Law School of Business University of Southern Indiana Rajendra P. Srivastava Ernst & Young Distinguished Professor and Director Ernst & Young Center for Auditing Research and Advanced Technology

Concluding Remarks….. Embrace Continous Assurances or .....

Questions and Answers