The visionary generosity of Founding Members enabled XBRL US to provide support for the development of the business reporting data standard at the very start of the organization. Today’s Founders Council are industry leaders representing business constituencies that continue to drive and realize benefits of adoption in multiple industries.
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 400,000 members in 145 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ. Visit the AICPA at aicpa.org
Launched & Funded First XBRL Committee in 1998 (subsequently became XBRL International)
Deloitte & Touche LLP
As one of the founding members of the XBRL International consortium, Deloitte is an active participant in XBRL development around the globe. Deloitte works with clients in both the public sector and industry helping them to understand, implement and benefit from the potential of XBRL.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas – audit, tax, consulting, and financial advisory services – and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte& Touche,” “Deloitte Touche Tohmatsu,” or other related names.
In the U.S., Deloitte& Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries) and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel.
Ernst & Young
Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Its 106,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality and professionalism to provide clients with solutions based on financial, transactional and risk-management knowledge in Ernst & Young’s core services assurance, corporate finance and tax, including audit, valuations, online security, business risk services and e-business acceleration. Ernst & Young practices also provide legal services in those parts of the world where permitted. Delivering value that clients care about is the cornerstone of Ernst & Young. Ernst & Young refers to all the members of the global Ernst & Young organization.
Ernst& Young is the Big Four global leader in providing Web-Enabled Business Reporting services, ranging from providing Assurance to XBRL specific solutions. Ernst & Young was one of the original firms which launched the XBRL consortium back in 1999 and continues to be represented on most of the International and Country consortium committees today. The adoption of XBRL promises to help companies make faster and better decisions, while reducing costs. Additionally, widespread adoption of XBRL will permit financial analysts, investors, accountants, government agencies, internal users, and other interested parties to access, compare, and analyze data in ways that currently are not practical or even possible.
As with all transformational technologies, timing of the adoption process is critical to your business — too early results in unnecessary costs while too late results in missed opportunity. Ernst& Young has developed a point-of-view and implementation process around internal and external web-enabled business reporting which maximizes the benefits, while minimizing the costs and level of effort. Forward-thinking organizations looking to gain competitive advantage are already leveraging their efforts in pilot projects inside their organizations. We encourage you to evaluate how your organization can utilize XBRL in external and internal business reporting activities in order to bring the promised productivity benefits to both the market as a whole and to your organization. Contact Ernst & Young to assist you in determining “what to do when.”
KPMG LLP is the audit and tax firm that has maintained a continuous commitment throughout its history to providing leadership, integrity and quality to the capital markets. The Big Four firm with the strongest growth record over the past decade, KPMG offers clients scale, global reach, industry insights and a multidisciplinary range of services. KPMG LLP (www.us.kpmg.com) is the U.S. member firm of KPMG International. KPMG Internationalís member firms have nearly 100,000 professionals, including 6,600 partners, in 150 countries.KPMG is one of the founding members of the XBRL International consortium and is extremely active in the development and adoption of this remarkable technology around the world.
We are the first professional services organization with a team of full-time professionals dedicated to XBRL. KPMG member firms helps clients in this field understand and clarify their business needs. Applying tools and methodologies that leverage knowledge, we help clients resolve problems and manage risk. KPMG’s Global XBRL Services Team helps the not-for-profit XBRL International consortium improve and promote XBRL and supports KPMG professionals in the delivery of XBRL-related products and services to KPMG member firms clients everywhere.
Notable accomplishments in this field include:
• Co-editors of the XBRL specification
• Co-editors of the first XBRL taxonomy
• First professional services firm to support a full XBRL implementation
• Developer of taxonomies for a national companies regulator in Europe
• Delivery of feasibility study and production-ready complex taxonomy development, including formula support, for a U.S. regulator
• Delivery of taxonomy production and information navigation tools for an Australian regulator
• Review and strategy work with a number of software vendors
PwC provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.
PricewaterhouseCoopers is a leading participant in the XBRL market community in the US and in all jurisdictions internationally. Our people are active as working group members, local jurisdiction chairs and have served as XBRL International Steering Committee chair. PricewaterhouseCoopers provides clients with seamless integration of XBRL expertise within a wide range of services including its innovative business reporting, risk management, performance solutions and compliance services. The organization is currently helping many clients around the world to efficiently leverage the benefits of XBRL-enhanced processes.