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Adoption of XBRL Gets Momentum in Asia Pacific

12 th XBRL International Conference, Tokyo. Adoption of XBRL Gets Momentum in Asia Pacific. November 7, 2005 Eiichi “Ed” Watanabe Vice Chairman, XBRL Japan A Member of XBRL International Steering Committee A Member of XBRL International Executive Committee. 3 rd Conference. Australia.

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Adoption of XBRL Gets Momentum in Asia Pacific

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  1. 12th XBRL International Conference, Tokyo Adoption of XBRL Gets Momentum in Asia Pacific November 7, 2005 Eiichi “Ed” Watanabe Vice Chairman, XBRL Japan A Member of XBRL International Steering Committee A Member of XBRL International Executive Committee

  2. 3rd Conference Australia Thailand China Adoption and Awareness of in Asia Pacific Taiwan Hong Kong Singapore India 9th Conference New Zealand Indonesia 6th Conference 12th Conference Japan Korea Presence of XBRL in the Asia Pacific

  3. Australia Jurisdictions of in Asia Pacific New Zealand Japan Korea Established Jurisdictions are Moving Forward

  4. Started in 2000 • 23 members • Facilitators: CPA Aus., ICAC • Taxonomy: IFRS-based XBRL Australia • Adoption: • APRA: • Stock Exchange

  5. XBRL New Zealand • Formed on August 2nd, 2002 • Facilitator: ICANZ • IFRS-based Taxonomy

  6. XBRL Korea • Provisional jurisdiction since Oct. 2002. • 27 Members • Facilitator: KICPA since Dec. 2004 • Taxonomy • Korean GAAP C&I • Financial Korean GAAP (end 2005) • Corporate Tax Return (end 2005)

  7. XBRL Japan • Started in April 2001 • 84 Members • Facilitator: JIPCA • Taxonomy • Japanese GAAP FS for e-Tax • Adoption: • Tokyo Stock Exchange, • National Tax Agency e-Tax, • eL-Tax, • Bank of Japan, • Financial Services Agency • … • XBRL 2.1 is Japan’s national standards. • Japanese Industrial Standards • “JIS X 7206:2005” (July, 2005) • Ministry of Economy, Trade and Industry

  8. Thailand China Activities and Awareness of in Asia Pacific Taiwan Hong Kong Singapore India Indonesia Activities in yet-to-be Established Jurisdictions are Gaining Momentum

  9. China • XBRL Pilot Projects at Two Exchanges • Shanghai Stock Exchange • Shenzhen Stock Exchange

  10. Hong Kong • 1st Sharing Forum (XBRL Symposium) – March 1st, 2005 • Preparation Working Group was formed – April 26, 2005

  11. India • XBRL Technology Symposium 2005 being organized. • Munbai - Dec 2, 2005 • New Dehli - Dec 3, 2005

  12. Indonesia • XBRL Seminar is scheduled for Dec. 6th, 2005 • At Jakarta Stock Exchange (JSX) • Organized by Indonesia Capital Market Supervisory Agency (Bapepam) • Around 100 attendants anticipated.

  13. Singapore • XBRL Interest Group was formed on 5th Oct 2005 • Participated by ICPAS, PwC, SGX, ITSC, SCB, MS, ACTS, … • Authority (ACRA) - RFP for XBRL project in Sep 2005

  14. Taiwan • Taiwan Stock Exchange project • Study Project by Academia

  15. Thailand • XBRL Seminar (July 2005) • Ministry of Commerce (MOC) • Dept of Business Development • Accountants community • Stock Exchange • Other stakeholders

  16. Thank You! For further information, please contact: eiichi.watanabe@tsr-net.co.jp

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