1. Accountancy Profession Adding Value With XBRL Barry Melancon, CPA President and CEO American Institute of Certified Public Accountants

2. The AICPA …  The Professional organization for CPAs, with more than 350,000 CPAs in both corporate management / finance and CPA firms  Mission: Provide CPAs 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

3. The Accountancy Profession is committed to:  Core values of –  Integrity  Objectivity  Competence  “Proactively” protecting the public interest  An efficient and effective global capital market through better information

4. AICPA and the CPA Profession’s Commitment to XBRL  Vision and leadership  Invested in and supported XBRL  Invested in the US Taxonomies – crucial to US market adoption  Support XBRL International with people and infrastructure  Recognized from the beginning the need for interdisciplinary collaboration

5. The business reporting supply-chain Externa l Financi al Reporti ng Business Operations Internal Financial Reporting Investment, Lending, and Regulation Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies XBRL Collaboration is KEY!!!

6. Why XBRL? Fundamental transformation in the way business reporting information will be exchanged, aggregated, and analyzed  Improve communication with investors  More efficient data aggregation  Improved analysis  More efficient creation of business reports  Better markets through better information  A critical enabler to the Enhanced Business Reporting Consortium

7. Savings Quality Efficiency Barcode has done for product distribution …

8. … what XBRL is doing for business reporting

9. Who Benefits? Externa l Financi al Reporti ng Business Operations Internal Financial Reporting Investment, Lending, and Regulation Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies XBRL The business reporting supply-chain

10. CPA’s Role in XBRL Externa l Financi al Reporti ng Business Operations Internal Financial Reporting Investment, Lending, and Regulation Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies XBRL The business reporting supply-chain

11. Major AICPA commitments to Enhancing Business Reporting  Improving audit quality  Stronger internal controls and effective corporate governance  Detecting and preventing fraud  Leading the way towards improved business reporting XBRL can play a key role in each of these efforts

12. Better information leads to better management… better governance… better markets

13. Call to Action  Now is the time for CPAs to act! The tools are ready!  Participate in the SEC Voluntary Filing Program  Take XBRL to the private company sector. XBRL is not just for public company reporting.

14. Looking into the Crystal Ball …  SEC voluntary filing program takes off  Companies and banks start to talk in XBRL  CPAs opine on XBRL documents  Better and more analysis  Business sectors adopt – lending, tax, etc.  EBR + XBRL = value of financial information grows  Enhancing business reporting in ways we can’t yet imagine …

16. The Global Accounting Profession The World Counts on …

17. Accountancy Profession Adding Value With XBRL Barry Melancon, CPA President and CEO American Institute of Certified Public Accountants