-anized by W3C and XBRL International, Inc, and hosted by FDIC, Arlington, Virginia USA

Participation

The Workshop is free of charge and open to anyone, subject to review of their statement of interest, and is not restricted to members of W3C and XBRL International. The Workshop materials will be made publically available, including statements of interest and presentations provided by the participants. See the requirements for participation.

Latest News

The deadline for submitting statements of interest has been put back to 21 August in regnition of delays in reaching out to potential participants.

Background

The current global crisis spotlights the need for greater transparency in both rporate and ernment financial reporting supply chains along with aurate and timely linked data. W3C and XBRL International invite you to attend a workshop to facilitate a discussion about improving aess to financial data on the Web.

Workshop participants will llectively help to identify opportunities and challenges for interactive aess to business and financial data expressed in XBRL and related languages. The extensible business reporting language (XBRL), is being widely adopted all around the world, and is set to beme the standard way of rerding, storing and transmitting business financial information. The creation, distribution, and nsumption of Financial ntent across the web touch millions of users and affects business decisions that have global implications.

The US Securities and Exchange mmission (SEC) has mandated that US public mpanies file reports in XBRL, starting with the largest mpanies in mid-2009. Other untries have similar plans, e.g. in the UK, thousands of mpanies already report in XBRL, which will be mandatory in 2011. In , XBRL has gained early adoption in capital markets with Stock Exchanges in China, Japan, Singapore and South Korea all mandating the use of XBRL. ernments in Australia, the herlands and New Zealand, have made mmitments to rce rporate mpliance burden using XBRL as part of Standard Business Reporting efforts.

Much of the effort on XBRL so far has gone into developing the standards and taxonomies of reporting ncepts, and on helping mpanies with preparing filings. mparatively little effort has been spent on how to exploit the expected flood of data. It is now time to take a good look at the opportunities and challenges for interactive aess to XBRL data at all stages of the reporting pipeline.

The US Transparency in ernment Act of 2008 seeks to make the work of ngress and the executive branch more transparent by creating laws and regulations that would bring more information online and available to the public in a timely manner. XBRL and broader semantic-based technologies have great potential in realizing the opportunities for public aess to information about ernment operations. The raw data needs to be supplemented with bindings to the semantics as a basis for mparability.

What data architectures are required to support this and to realize the goals of transparency? What is needed to create an esystem of value-added services around this flood of data? What lessons can be learned for creating shared vocabularies for this data? How can the sts for preparing data be kept in line with the value of the benefits?

Workshop Goals

The goal of this workshop is to identify opportunities and challenges for interactive aess to financial data expressed in XBRL and related languages, and the broader opportunities for semantic technologies. What are the use cases? Who are the stakeholders? What are the potential roadblocks and how can they be addressed? How can new applications be created based upon integrating XBRL with other sources of information?

The main outme of the workshop will be the publication of a report that will serve as a guide for further work in both W3C and XBRL International.

Spe of the Workshop

The workshop is aimed at people with an involvement in managing financial data in one way or another, or who have an academic interest in how this is done. The workshop will mbine a mix of business and technical ics relevant to the above goals.