XBRL Offerings from IRIS Presentation to Bolagsverket, Sweden - PowerPoint PPT Presentation

XBRL Offerings from IRIS Presentation to Bolagsverket, Sweden

What Does the Presentation Cover  Introduction of IRIS  IRIS’ T axonomy Development Services  IRIS’ T axonomy Creation T ool – IRIS Noah  IRIS’ Validator – Verify  T axonomy Implementation Life Cycle  XBRL Program Implementation and Support  XBRL-based eFiling Platform – IRIS iFILE  Use of XBRL data via IRIS’ Data Consumption Platform 2

About IRIS

IRIS Leading XBRL Company with Products across the Information Supply Chain  Full range XBRL solutions provider  Offerings for creation, collection and consumption of structured data for financial reporting & compliance  Clients in over 15 countries covering 4 continents  300+ strong team of XBRL and structured data professionals  Direct member of XII and XBRL India. Member of Best Practices Board 4

Global Footprint Poland – Historical data conv ersion into XBRL Israel – IRIS DP f or Turkey analy sis of Macedonia – IRIS DL f or Tax XBRL f ilings – Filings to f ilings Ministry of Finance UK – Filings to Ireland HMRC – IRIS Carbon f or Tax f ilings US – SEC Filings of ~270 companies thru IRIS Carbon Thailand – FP relationships – Department of – Filers Business Dev elopment Malaysia Italy – Securities Commission – IRIS Carbon Singapore for filings to – ACRA Kuwait Info Camere – CMA India – MCA Saudi Arabia Iran – CBDT – Ministry of Commerce – Taxonomy – SEBI – Corporates Consulting and Industry – Tadawul Stock – RBI Exchange UAE Mauritius – ESCA – Bank of Mauritius – ADSE – Company Registry – DFM Qatar South Africa – QFCRA – JSE Limited 5

The Business… … Straddling the Information Reporting Supply Chain CREATE Offerings ranging from enterprise software to Cloud / SAAS to create documents ready to be filed with regulators Structured Data COLLECT CONSUME World’s first and most Reporting platform with over 12 deployments globally. Helps comprehensive database of financial regulators collect submissions. data culled from XBRL filings, Taxonomy development is included. normalized across geographies 6

How IRIS Can Help Regulators IRIS’ Offerings Stage Stakeholders • XBRL Consulting – Developing and testing taxonomies, • Regulators quality review, support for implementing XBRL program • XBRL Taxonomy Taxonomy Experts • XBRL Training – Create awareness and equip Development • Subject Matter stakeholders to take informed decisions and manage Experts any XBRL program • IRIS iFILE Client – Spreadsheet and web based offering for creating XBRL reports • Filers Applications for • Software vendors • IRIS Carbon – Cloud-based disclosure management creating XBRL • Regulators (if they offering for creating output in multiple formats including reports based on the choose to offer this XBRL and Inline XBRL taxonomy facility to filers) • IRIS iDEAL – Connects to and coverts the data from existing systems into XBRL format Filing platform for • Regulators collecting, validating • IRIS iFILE Server – Suite of modular components • Software vendors and storing XBRL stitched together by a portal solution • Filers reports • Regulators Applications for • Analysts • IRIS Data Consumption Platform (DCP) – Repository of consuming XBRL • Data Aggregators structured and globally normalised data. data • Other data users 7

Taxonomy Development Services

Areas of Expertise  Financial reporting  Regulatory reporting including prudential reporting, Reporting 1 supervisory data, statistical information etc. Domain  Cost audit and compliance  XBRL GL  Business logic for correctness and completeness of data Business rules 2  Rules and triggers to identify inconsistencies and issues and validation  Using XBRL as well as non-XBRL mechanisms Establishing  Standard business reporting – Singapore, Macedonia 3 use cases for  XBRL in non-financial domains such as crime-data XBRL 9

Taxonomy Development Methodology  Tried, tested and successfully implemented • Engaging all stakeholders • Iterative process • Robust QA framework  Adaptable to suit regulator requirements • Standard Business Reporting • Factors in the XBRL solution /implementation requirements  Periodic and progressive training for stakeholders and project team  Hand-holding and knowledge transfer to undertake taxonomy maintenance 10

Our Taxonomy Experts  Cross functional knowledge  Global implementation experience  Involved in standard setting process at XBRL International Select details of participation in working groups: Taxonomy IFRS Taxonomy Consulting Taxonomy Architecture Guidance Group (ITCG), IASB Task Force (TAGTF), XII Architecture and modelling K. Balachandran Shilpa Dhobale XBRL Program Implementation Guidance Task Best Practices Board (BPB), XII Force (IGTF), XII Implementation Revathy Ramanan Shilpa Dhobale Revathy Ramanan Corporate Actions Working Legal Entity Identifier Working Beyond Financial Group, XII Group, XII Reporting Rahul Dhamne Tijo Joseph 11

Select Taxonomy Development Projects CMA, Kuwait 2016 BoM, Mauritius CBRD, Mauritius (Regulatory Reporting) 2015 RBI, India (Regulatory Reporting - MCA, India Phase 2) 2014 (Revision) MCI, Saudi Arabia SCA, UAE (Revision) 2013 SEO, Iran DBD, Thailand QFCRA, Qatar (Regulatory Reporting) ACRA, 2012 MCA, India Singapore MCI, Saudi Arabia (Cost Audit) 2011 MCA, India SCA, UAE Tadawul, Saudi Arabia RBI, India JSE, South Africa (Regulatory Reporting - 2010 Phase 1) Regulatory Reporting IFRS Taxonomy based Financial reporting Taxonomies taxonomies 12

What Sets Us Apart  Beyond taxonomy development End-to-end offering • Rationalize data needs including taxonomy • Implementation support development, QA and Established taxonomy authoring and proven application  Handholding to facilitate smooth methodology knowledge transfer and taxonomy which has maintenance been successfully • Extensive training to project teams Consultants with implemented • Tool-kit for developing and testing sound reporting in over 10 taxonomy domain countries knowledge, IFRS and XBRL  Experience of working with several Rich experience in regulators and varied reporting domains taxonomy development and project  Active involvement at XII level implementation for • Ensure global and best practices are more than 15 regulators implemented • Preemptive adoption of new and upcoming developments in XBRL specifications  Robust quality assurance framework 13

Taxonomy Creation Tool

IRIS Noah Collaborative and web-based taxonomy management solution Key Features:  Multiple taxonomy versions management  Flexibility to change taxonomy views • Hierarchy view • Grid view of dimensional relationships  Editing, viewing, generation of multiple entry- points  User management • Predefined roles • Workflow options – maker, checker, reviewer  Various alternatives for deployment • SaaS model (on IRIS servers) • In-premise  Scalable and flexible design to support new XML/XBRL specifications 15

IRIS Noah Workflow 16

User Dashboard Language localization support Alerts and notifications Multiple taxonomies and multiple versions within a taxonomy Upload taxonomy once as base at company level. All users of the company can work with the taxonomy 17

Schema View Create new data types, arc-roles and other taxonomy elements Arrange File level lock views Add elements and unlock to with pre-defined support values for collaborative attributes working Bulk upload of elements from template 18

Linkbase – Hierarchy view XBRL Technical Validation Schema elements list – support drag and drop of elements to create hierarchy Different options to view linkbases Properties, labels, and references – Element wise Features to help easy creating / editing of taxonomy Export to excel 19

Grid View – Dimensional Relationships Hierarchy View Grid View 20

Linkbase – File View Labels in multiple language Locate element in linkbase panel or across taxonomy files 21

Generation and Validation Log of all versions Download generated Taxonomy Files Multiple entry-points editing / viewing/ generation 22

Validator

Validator IRIS Verify Key Features: IRIS Verify  Integrated in all IRIS offerings  Multi-integration methods • SaaS Model / In-premise • Web service / Windows executables Validation Rendering  Large instance processing  Error output in varied formats (CSV, HTML)  User-driven validation Best Practices XBRL Validation XBRL Instance • Select the specification (FRTA, FRIS) Specifications* Custom Results Document • Select the specific business rule Checks (Assertions /Formula)  Faster processing using caching option * XBRL Specifications Covered: for taxonomy • XBRL 2.1  Rendering of instance document using • XBRL Dimensions table linkbase • XBRL Extensible Enumerations • XBRL Formula • XBRL Table Linkbase • XBRL Versioning • XBRL Generic Links • Registries 24

Taxonomy Implementation Life Cycle