XBRL Canada Fourth Annual Conference October 7, :30 a.m. – 4:30 p.m. University of Waterloo Efrim Boritz Iowa State University Won Gyun No

 Coffee/Pre-Workshop Questionnaire  Introduction /Workshop Objectives  Efrim Boritz, Won No, UWCISA  Common Errors  Lunch  Assertions and Assurance Tasks  Coffee  Case Example  Evaluation/CPE CertificatesAGENDA

WORKSHOP OBJECTIVES  Obtain information from participants on readiness to provide quality assurance on extension taxonomies and instance documents  Provide information on common errors  Provide an assurance framework, objectives, and tasks  Walk through a case example using Computer-Assisted Tools  Obtain feedback

KEY PHASES IN ELECTRONIC FINANCIAL REPORTING

Component of Paper Format Filing Assurance Provided?Status of XBRL Assurance Issues re: XBRL Instance Document Financial Statements Quarterly Annual Yes, for U.S. domestic filer but usually no public report for quarterly; varies for foreign private issuers. Taxonomy is not comprehensive enough for all companies; may require use of extension taxonomy. Some PCAOB guidance on Assurance; AICPA guidance on AUP in SOP 09-1; No comprehensive standards; problematic issue of standard part of taxonomy vs. extension taxonomy. Notes to the Financial Statements Quarterly Annual Yes, for U.S. domestic filer but usually no public report for quarterly; varies for foreign private issuers Taxonomy for notes is not well developed. Most filers block tag in first XBRL instance document. Assurance on notes is much more time consuming than on financial statements themselves MD&A Quarterly Annual No; implied comfort re: consistency. Taxonomy for MD&A is not well developed. Most filers omit in XBRL instance document. No Assurance; but procedures on MD&A are much more time consuming than on financial statements themselves. Non GAAP measures linked to financial statements None.No taxonomy.No guidance. Investor relations web pages that interact with above items None.No taxonomy.No guidance. REPORTING FRAMEWORK FOR ELECTRONIC FILINGS

   DO XBRL-RELATED DOCUMENTS COMPLETELY, ACCURATELY, VALIDLY & CONSISTENTLY REFLECT “OFFICIAL” FINANCIAL STATEMENTS?

EVIDENCE THAT SOME FORM OF QUALITY ASSURANCE IS NEEDED