1. “Convergence, Communication and Interactive Data” December 3 rd to 6 th, 2007 Vancouver, British Columbia, Canada

2. Wednesday, December 5 th, 2007 – 16.45 to 17.15 Presented by Don Geiger, Michał Piechocki, and Robert Walters International Public Sector Working Group (IPSWG): Plans and Priorities

3.  The observed need for the establishment of a process/avenue for public sector agencies to gain education and knowledge of the XBRL taxonomy development process and provide a due diligence process environment for the establishment and vetting of public sector taxonomies, in collaboration with governmental accounting standard setters.

4.  IPSWG was established to provide a forum for discussion of relevant XBRL issues related to business reporting within government agencies.  It will enable members to provide input and participate in discussions and working groups with respect to: ◦ Development and implementation of an IPSAS taxonomy/extension; ◦ Instance document creation; ◦ Rendering capabilities; and ◦ XBRL-GL (IFRS) capabilities.

5.  The XBRL Standards Board (XSB) of XBRL International has authorized the IPSWG to carry-out duties related to research, analysis and recommendations on a wide range of XBRL issues connected to: ◦ The adoption of public sector XBRL projects; ◦ Taxonomy development; and ◦ Education of interested parties.

6.  The work of the IPSWG will include education and training suitable for public sector focused individuals and organizations.  The group will work to establish XBRL taxonomies specific to public sector financial reporting.  IPSWG will also provide implementation guidance for public sector organizations interested in XBRL.

7.  Taxonomy ◦ Development of a taxonomy based on IFRS and incorporating IPSAS standards ◦ Capable of being leveraged further for national and local extension requirements  Education ◦ Presentation and documentation material to aid public sector discussions on the benefits of XBRL ◦ Sharing of best practices across jurisdictions  ex. XBRL as a solution for internal reporting needs

8.  XBRL implementation guidance for public sector entities – 1 st quarter 2008  Establishment of IFRS public sector extension taxonomy (a.k.a. IPSASB taxonomy) 1 st draft – 3 rd quarter 2008  XBRL training for public sector – expectation is to have a session at each international conference or as requested  Coordination with standard setting organizations (IFAC, Audit Assurance, United Nations, IASB, etc)  IFRS coordination process – 2 nd quarter 2008  IPSAS taxonomy translated to other languages (Spanish, French, etc.) – 2 nd quarter 2009

9.  IPSWG holds monthly conference calls on the 3 rd Thursday of each month (next - December 20 th ) ◦ 13.30 – UTC/GMT/Zulu ◦ 09.30 – EST (Ontario) ◦ 14.30 – BST (UK) ◦ 06.30 – PDT (Nevada) ◦ 15.30 – CEST (Poland/France/Netherlands) ◦ 22.30 – KST (Korea) ◦ 10.30 – ADT (Argentina)  Sub-group meetings are scheduled as necessary

10. Send an e-mail to: publicsector@xbrl.org publicsector@xbrl.org or Go to: www.xbrl.org/IPSWGCall