“Convergence, Communication and Interactive Data”

December 3rd to 6th, 2007Vancouver, British Columbia, Canada

Wednesday, December 5th, 2007 – 16.45 to 17.15

Presented by Don Geiger, Michał Piechocki, and Robert Walters

International Public Sector Working Group

(IPSWG): Plans and Priorities

The Reason For Being The observed need for the establishment of

a process/avenue for public sector agencies to gain education and knowledge of the XBRL taxonomy development process and provide a due diligence process environment for the establishment and vetting of public sector taxonomies, in collaboration with governmental accounting standard setters.

The ‘Purpose’ of the IPSWG IPSWG was established to provide a forum for

discussion of relevant XBRL issues related to business reporting within government agencies.

It will enable members to provide input and participate in discussions and working groups with respect to:◦ Development and implementation of an IPSAS

taxonomy/extension;◦ Instance document creation;◦ Rendering capabilities; and◦ XBRL-GL (IFRS) capabilities.

The Scope of Work The XBRL Standards Board (XSB) of XBRL

International has authorized the IPSWG to carry-out duties related to research, analysis and recommendations on a wide range of XBRL issues connected to:◦ The adoption of public sector XBRL projects;◦ Taxonomy development; and◦ Education of interested parties.

In Other Words… The work of the IPSWG will include

education and training suitable for public sector focused individuals and organizations.

The group will work to establish XBRL taxonomies specific to public sector financial reporting.

IPSWG will also provide implementation guidance for public sector organizations interested in XBRL.

Sub-Groups Taxonomy

◦ Development of a taxonomy based on IFRS and incorporating IPSAS standards

◦ Capable of being leveraged further for national and local extension requirements

Education◦ Presentation and documentation material to aid

public sector discussions on the benefits of XBRL◦ Sharing of best practices across jurisdictions

ex. XBRL as a solution for internal reporting needs

Planned Deliverables XBRL implementation guidance for public sector entities

– 1st quarter 2008 Establishment of IFRS public sector extension taxonomy

(a.k.a. IPSASB taxonomy) 1st draft – 3rd quarter 2008 XBRL training for public sector – expectation is to have a

session at each international conference or as requested

Coordination with standard setting organizations (IFAC, Audit Assurance, United Nations, IASB, etc)

IFRS coordination process – 2nd quarter 2008 IPSAS taxonomy translated to other languages (Spanish,

French, etc.) – 2nd quarter 2009

Meeting Schedule IPSWG holds monthly conference calls on the 3rd

Thursday of each month (next - December 20th)◦ 13.30 – UTC/GMT/Zulu◦ 09.30 – EST (Ontario)◦ 14.30 – BST (UK)◦ 06.30 – PDT (Nevada)◦ 15.30 – CEST (Poland/France/Netherlands)◦ 22.30 – KST (Korea)◦ 10.30 – ADT (Argentina)

Sub-group meetings are scheduled as necessary

How to Join the Fun!How to Join the Fun!

Send an e-mail to: publicsector@xbrl.org

or

Go to: www.xbrl.org/IPSWGCall