Roseland, NJ J. H. Cohn LLP J.H. Cohn LLP The accompanying financial statements are prepared on the accrual basis of accounting. Dues are recognized as support and revenue during the applicable membership period. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. 65008 the Steering Committee 80847 271236 0 0 65008 80847 26069 245167 Roseland USA 109584 XBRL International, Inc. (the "Corporation") is a global consortium of over 170 of the world's leading companies, associations and government agencies devoted to developing and promoting the adoption of eXtensible Busienss Reporting Language ("XBRL") as a global standard. The Corporation is developing XBRL for the preparation and exchange of business reports and data.XBRL is an XML-based framework that allows businesses to prepare, exchange and analyze financial statements and the information they contain. Walter Hamscher Chair, XBRL International Steering Committee, Consultant to PricewaterhouseCoopers 2002-11-15 XBRL International Inc. (A Nonprofit Corporation) Report on Financial Statements, period from October 1, 2001 (commencement of operations) to June 30, 2002. English en 2002-12-30 REPORT ON FINANCIAL STATEMENTS info@xbrl.org Information about XBRL International XBRL International Inc. (A Nonprofit Corporation) XBRL International 206605 2002-06-30 59950 The Corporation is exempt from Federal income tax under Section 501(c)(6) of the Internal Revenue Code. We have audited the accompanying statement of financial position of XBRL INTERNATIONAL, INC. (A Nonprofit Corporation) as of June 30, 2002, and the related statements of activities and cash flows for the period from October 1, 2001 (commencement of operations) to June 30, 2002. These financial statements are the responsibility of the Corporation's management. Our responsibility is to express an opinion on these financial statements based on our audit. 255439 85120 15797 0 10 In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of XBRL International, Inc. as of June 30, 2002, and the changes in its net assets and cash flows for the period from October 1, 2001 (commencement of operations) to June 30, 2002, in conformity with accounting principles generally accepted in the United States of America. This Extensible Business Reporting Language (XBRL) file has been created by XBRL International Inc. (A Nonprofit Corporation) for demonstration purposes only. It is not to be used for investment purposes or its content used as a record of XBRL International's 2002 financial statement nor for any financial application or use. It is provided "as is" with no warranties or support. 2002-06-30 2001-10-01 26069 245167 The Corporation receives one-third of the US-XBRL membership dues collections as organizational support from the American Institute of Certified Public Accountants (the "AICPA"). Approximately $102,000 of such dues are included in dues income for the period from October 1, 2001 (commencement of operations) to June 30, 2002. The Corporation has not established a separate bank account and, therefore, all transactions flow through the AICPA. Expenses for the period from October 1, 2001 (commencement of operations) to June 30, 2002 approximate $190,100 and consist of salaries and benefits, meeting expense, professional and commercial fees and legal fees. At June 30, 2002 the Corporation owed the AICPA approximately $81,000. 2002-10-21 15797 54840 222402 13625 208777 We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. A audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The Corporation co-sponsors with international countries to achieve networking, educational and outreach goals. The sharing agreemeent is 80% to the Corporation and 20% to the jurisdictional country unless otherwise stated. NJ Report of Independent Public Accountants 271236 6695 month Web site of XBRL International, Inc. (A Nonprofit Corporation) www.xbrl.org XBRL International 2009-06-30 ISO4217:USD XBRL International Conferences 2002-06-30 ISO4217:USD XBRL International Dues 2002-06-30 ISO4217:USD XBRL International 2001-10-01 2002-06-30 ISO4217:USD XBRL International Conferences 2001-10-01 2002-06-30 ISO4217:USD XBRL International Dues 2001-10-01 2002-06-30 ISO4217:USD XBRL International 2002-06-30