1. Stuart Bale, Business Development Manager, MYOB NZ Ltd 1 XBRL and the Client-Accountant Connection What do Accountants and Small Businesses really need to get connected? How can XBRL help today? Why change from existing systems?

2. Stuart Bale, Business Development Manager, MYOB NZ Ltd 2 What is the current situation? Accountants gather and deliver information on behalf of their clients from IRD and Banks in an electronic format Accountants have connectivity with clients through software Accountants report interactively with clients through the web

3. Stuart Bale, Business Development Manager, MYOB NZ Ltd 3 Who will expect XBRL? Government Departments –IRD –Companies Office –ACC –Statistics NZ Corporate Entities –Insurance companies –Banks –Other financial institutes –NZ Stock Exchange Other Regulatory and Compliance Organisations

4. Stuart Bale, Business Development Manager, MYOB NZ Ltd 4 Why will Accountants need XBRL capability? Accountants are positioning themselves as the business advisor However, Accountants still have to meet compliance requirements Conceptually, XBRL streamlines the delivery of data from and to the Accountant on behalf of their clients Efficient data transferral frees the Accountant

5. Stuart Bale, Business Development Manager, MYOB NZ Ltd 5 How does XBRL deliver? Consistent platform with smart technology opens up dynamic exchange of information (HTML, Email) Makes the information exchanged more meaningful by providing context Creates connections that previously didn’t (or couldn’t) exist

6. Stuart Bale, Business Development Manager, MYOB NZ Ltd 6 When will XBRL usage be evident? Starting to see progress now Many tools available to Accountants to assist them As demand increases, software vendors will supply

7. Stuart Bale, Business Development Manager, MYOB NZ Ltd 7 Summary Accountants and Small Businesses already have connectivity XBRL helps the Accountant to efficiently interact with other entities on behalf of their client