18th XBRL International Conference to Feature SEC Chairman Cox, October 15-16, 2008 in Washington, DC



    WASHINGTON, July 15 /CNW/ -- XBRL International and XBRL US today jointly
announced "The Ultimate Client:  Business Reporting for Investors, Government
and Citizens", a global conference that will explore how improved business and
financial reporting through interactive data will affect investor
communications, governance, risk and compliance as well as government
reporting.
    The event will capitalize on the momentum building through recent
worldwide initiatives related to XBRL including the requirement in Japan and
China for public company reporting in XBRL format; the European Parliament's
recent agreement that the EC would support XBRL for EU regulatory filings and
business reporting; and recent rule proposals from the U.S. Securities and
Exchange Commission (SEC) that would mandate XBRL for public companies, mutual
funds, and credit rating agencies.  SEC Chairman Christopher Cox will keynote
the event.
    "Interactive data is being introduced in nearly every major market around
the world. As the use of interactive data in SEC filings becomes the norm, we
can look forward to a streamlined financial reporting process that provides
more timely access to information for investors, financial analysts, and
regulators," said SEC Chairman Christopher Cox.  "XBRL tagging promises easier
identification and comparison of financial data, and will vastly simplify
cross-border analysis because tags are being built to accommodate at least 30
different spoken languages. At the SEC, we are on the threshold of replacing
the EDGAR model with a new 21st-century reporting system that runs on
interactive data."
    Individuals who should attend the conference include investment
professionals, IT professionals and data managers, senior financial
executives, data intermediaries, investor relations professionals, software
providers, legal professionals, corporate and firm-based plus corporate
secretaries and regulators/government agency professionals.
    "We anticipate a record audience for this conference," said Ralf Frank,
Managing Director at DVFA (the German Society of Investment Professionals, a
division of EFFAS, the European umbrella of investment professional
societies).  "With the support from global regulators and markets, the
dialogue about interactive data is moving towards how information can be used
for better decision-making by investors, analysts, regulators and internal
accounting professionals, and that's happening in Europe, Asia and North
America."  Mr. Frank was recently named to the XBRL International Conference
Advisory Committee which oversees all activities related to the upcoming
conference.
    The conference will be held in the United States capitol, Washington, DC
at the Ronald Reagan Building and International Trade Center on October 15-16,
2008.  Conference attendees will be able to attend topical symposia that
highlight the importance of information reporting in specific areas:
    -- Governance, Risk and Compliance, to provide insights into how
interactive data will impact proxies, ESG and corporate social responsibility
    -- Investor Communication, to cover corporate web sites, prospectuses,
annual reports and press release distributions
    -- Public Sector/Government, to educate on interactive data in government
grants, tax, statistics, municipals, budgeting and other agency activities
    All attendees will be able to join user-focused sessions covering public
company preparers, technologists, regulators and consumers.
    "Washington, DC is one of the most multicultural cities in the world and
serves as an appropriate setting for a global technology standard that easily
and effectively crosses borders," said Jeff Diermeier, CFA, President and CEO
of CFA Institute and Chair of the XBRL Conference Advisory Committee. "Better,
more transparent information means better decision making for regulators,
government agencies, investors, analysts, finance executives, and others.  The
conference program is designed to illustrate how improving the information
standard with XBRL can help make that happen."
    To find out more about the conference and to register,
http://conference.xbrl.org/
    
    About XBRL
    
    XBRL (Extensible Business Reporting Language) is a royalty-free, open
specification for software that uses XML data tags to describe business and
financial information for public and private companies and other
organizations. XBRL benefits all members of the information supply chain by
utilizing a standards-based method with which users can prepare, publish in a
variety of formats, exchange and analyze business and financial statements and
the information they contain.
    
    About XBRL International
    
    XBRL International is a non-profit consortium of approximately 550
organizations worldwide working together to build the XBRL language and
promote and support its adoption. XBRL International is responsible for the
technical XBRL specification and each country-specific jurisdiction works to
facilitate the development and adoption of local XBRL taxonomies, or
dictionaries, consistent with accounting, regulatory, and market standards and
practices.
    
    About XBRL US
    
    XBRL US is the non-profit consortium for XML business reporting standards
in the United States and is a jurisdiction of XBRL International.  It
represents the business information supply chain, including accounting firms,
software companies, financial databases, financial printers and government
agencies.  Its mission is to support the implementation of XML business
reporting standards through the development of taxonomies relevant for use by
US public and private sectors, working with a goal of interoperability between
sectors, and by promoting adoption of these taxonomies through the
collaboration of all business reporting supply chain participants.   XBRL US
has developed taxonomies to support U.S. GAAP and common reporting practices
under a contract with the Securities and Exchange Commission.  The XBRL US
GAAP Taxonomies are available for review at http://xbrl.us/pages/us-gaap.aspx.




For further information:

For further information: Michelle Savage, Vice President, Communication,
XBRL US, Inc., +1-917-747-1714, michelle.savage@xbrl.us Web Site:
http://www.xbrl.org/us                 http://conference.xbrl.org           
     http://xbrl.us/pages/us-gaap.aspx

Organization Profile

XBRL INTERNATIONAL

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890