Transcript Joe Luczka, KPMG LLP

Session III: Current Uses of
XBRL Tagged Data
April 26, 2013
2013 6th KU International Conference on XBRL
Transparency, Assurance and Analysis
kpmg.com
Joe Luczka
Director, XBRL Services
860-297-5536
jluczka @ kpmg.com
The information provided today
is based on Joe’s personal
experiences with XBRL and not
the views of KPMG.
Who are the potential users of the XBRL data?
•Analysts
•SEC
•FASB
•AICPA
•PCAOB
•Filers
•Academics
© 2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of
independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks
of KPMG International.
3
Why would Filers look at XBRL data?
Filers may wish to…
•Evaluate their results against their peers
•Evaluate their selection of elements vs. peers to
improve comparability
•Evaluate their disclosures
•Evaluate their accounting policies
•Identify customers or threats
•Create materials
© 2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of
independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks
of KPMG International.
4
How could “Others” use XBRL data?
Others may wish to…
•Evaluate accounting choices made by
companies
•Evaluate quality of disclosures
•Follow up on recently adopted accounting
pronouncements
•Evaluate trends in economy/industry
•Evaluate the impact of changes to taxonomies
•And more to come…
© 2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of
independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks
of KPMG International.
5
© 2012 KPMG LLP, a Delaware limited liability partnership and
the U.S. member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative
(“KPMG International”), a Swiss entity. All rights reserved.
The KPMG name, logo and “cutting through complexity” are
registered trademarks or trademarks of KPMG International.