University of Kansas XBRL Event

1. “Financial and Business Reporting Information on Steroids: Lessons Learnt from Implementing XBRL at theCentral Bank of India and The State of Nevada” April 20. 2009 Liv Apneseth Watson Vice Chair of XBRL International Inc. Member, Board of Director IRIS International Services liv.watson@irisindia.net

2. Today’s Agenda XBRL at the Central Bank of India XBRL at The State of Nevada

4. Company overview History: spin-off in 2004 pursuant to a management buyout of a content and financial information portal businesses, which was a previous company started by the same founding team in 1994. No institutional capital raised. Company is completely owned by founders, employees, family and friends. Management team has a collective experience of over 70 years in media, credit ratings, banking, software and capital markets. Approximately 300 employees, mostly IT / software engineers, analysts, and content developers.

5. IRIS Offerings FinX: instance document generator, for XBRL content creation iFILE: disclosure platform for XBRL filing and internal reporting iServices: web services suite for reports and content delivery Myiris.com financial information portal Myiris Plus desktop personal finance software for consumers ePassbook: B2B2C version of Myiris Plus for wealth mgmt. irisinfo, a comprehensive Indian XBRL content repository

6. About the Central Bank of India (RBI) Established April 1, 1935: Reserve Bank of India Act, 1934. Fully owned by the Government of India. Governed by a central board of directors. Financial Supervision: The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS)

7. An XBRL Basle II - Online Returns Filing System (ORFS) Section 42(2) Form A return of the Reserve Bank of India Act the objective of eliminating the need for paper based data submission. launched on October 6, 2008. 01 Oct 2008 http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=19185

8. IFRS 2008 taxonomy for the Johannesburg Stock Exchange Johannesburg Stock Exchange (JSE) IRIS’ forty-member team assigned to this pilot project comprised of taxonomy experts, XBRL technology experts and a team of XBRL analysts - the team worked for six months on the project.

9. The pilot covered all areas of taxonomy adoption for an XBRL-based reporting and consumption system, including: Creating two levels of country specific extension taxonomies. Converting historical company annual reports (with detailed tagging using the IFRS taxonomy extension), and generating company specific extensions using the “clear approach”. Rendering the annual report XBRL instance documents both on the Web and through an Excel-based application.

11. Standardization Presentation Cash & Cash Equivalents References GAAP I.2.(a) Instructions Ad Hoc disclosures Label cashCashEquivalentsAndShortTermInvestments Calculation Cash = Currency + Deposits FormulasCash ≥ 0 Contexts US $ FY2004 Budgeted Validation XBRL – More Than Just Data Presentation Comptant et Comptant Equivalents Presentation 現金及び現金等価物 Presentation Kas en Geldmiddelen Presentation Деньги и их эквиваленты Presentation Гроші та їх еквіваленти Presentation 现金与现金等价物 Presentation Geld & Geld nahe Mittel XBRL Item XMLItem XBRL Item

12. XBRL Jurisdictional Status March 2009 NO SE NL DE CZ DK PL LU IASB CA SI UK AT OCEG UA IE BE TR RIXML ES US CN GR FR IL JP LB JAM KR IT CH IN VZ HK Established Jurisdictions AE CO SG Provisional Jurisdictions BR Focus in 2009 AU ZA Projects Ongoing CHL URY NZ AR Global Focus Jurisdictions Countries that require or permit IFRSs Countries seeking convergence with the IASB on pursuing adoption of IFRSs

13. XBRL to Help Track Troubled Asset Relief Program “TARP Funds” $700 billion financial bailout plan. XBRL at the Domestic Policy Subcommittee hearing of the Oversight and Government Reform Committee to assess the Treasury Department’s efforts at preventing waste and misuse of funds by financial institutions. State of Ohio Tracker How do we know that where the money went?

14. TrendsStandard Business Reporting (SBR) Reporting burden for business. This will be achieved by: Removing unnecessary and duplicated information from government forms; Utilizing business software to automatically pre-fill government forms; Adopting a common reporting language, based on international standards and best practice; Making financial reporting to government a by-product of natural business processes; Providing an electronic interface to enable business to report to government agencies directly from their accounting software, which will provide validation and confirm receipt of reports; and Providing business with a single secure online sign-on to the agencies involved. Australian business will save around $800 million per year when SBR is fully operational.

15. SBR Projects Multi-agency Programs Australia New Zeeland Singapore Grass Root Programs State of Nevada State of Ohio

16. Will SBR become a question of national competitiveness?

17. Goals for today! Explore How to Bring the Global Trust and XBRL Frameworks Integrated Technical Standpoint Establish Working Groups Best Practices Killer App?”

18. Thank you! Liv A. Watson XBRL International Vice Chair Member, Board of Director IRIS Business Services P: +1 203 856 8986 E: liv.watson@irisindia.net