XBRL-US to Host Two Free Conferences on the Development and Benefits of XBRL
June 27 Conference in Arlington, VA to address the public sector and government institutions
June 29-30 Conference in New York aimed at the investment community and financial executives
New York, 8 June – XBRL-US, the U.S. based arm of XBRL International, today announced that it will host two free conferences that will focus on the development of XBRL and how interactive data can reduce costs, increase productivity and improve data quality.
The first conference, "More Data or Smarter Data? Increasing the Value and Timeliness of Business Information Using XBRL," is scheduled for June 27, 2006 from 8:30 a.m. to 4:00 p.m., EDT at the FDIC Seidman Center in Arlington, VA. Intended for government CFOs, CIOs, and financial management professionals, the event will focus on the public sector and will highlight specific applications of XBRL designed for government agencies.
Keynote speakers for the Arlington, VA event will include Congressman Richard Baker, Chairman, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises (invited); Sam Mok, CFO of the Department of Labor; and Mary Mitchell, Deputy Associate Administrator, Office of Technology Strategy, General Services Administration. The program will be hosted by the FDIC and sponsored by EDGAR Online, Grant Thornton, Rivet Software, UBmatrix, and Unisys. To register or to obtain more information, please click on http://xbrl.org/us/us/XBRL-US_WashDC.pdf.
The June 29-30, 2006 New York event, "Transforming Financial Reporting and Analysis with XBRL," will be held at the Microsoft Briefing Center in Manhattan, located at 1290 Avenue of the Americas. The two-day symposium will consist of a conference on June 29 and an XBRL training session on June 30.
Catering to analysts, investors and financial executives at public companies, the conference on June 29 will cover analytical applications, external and internal business information reporting, and training on the Securities & Exchange Commission's Voluntary Filing Program. Keynote speakers will include Ric Marshall, Chief Analyst and co-Founder, The Corporate Library; Colleen Cunningham, President and CEO, Financial Executives International; and Trevor Harris, Vice Chairman of Client Services at Morgan Stanley. The program will run from 8:30 a.m. to 5:00 p.m., EDT, and will be followed by a reception from 5:00 to 6:30 p.m., EDT
On June 30, XBRL-US will present a one-day XBRL preparer's class for those interested in learning how to prepare an XBRL filing. The events of June 29 and 30 will be hosted by Microsoft and sponsored by EDGAR Online, Grant Thornton, Hitachi, Rivet Software, and UBmatrix. To register for either or both days, or to obtain more information, please click on http://xbrl.org/us/us/XBRL-US_NYC.pdf.
"The potential for XBRL is clear among both publicly traded companies for their internal and external reporting needs, and for government agencies," noted Dan Roberts of Grant Thornton, Chair, XBRL-US Steering Committee. "Numerous applications for XBRL are being implemented today, helping companies and government institutions benefit from the improved data quality, cost reduction and increased productivity that XBRL can bring. These two targeted conferences are designed to help organizations gain a closer perspective on specific applications of XBRL in the public and private sectors."
About XBRL
XBRL (Extensible Business Reporting Language) is a royalty-free, open specification for software that uses XML data tags to describe financial information for public and private companies and other organizations. XBRL benefits all members of the financial information supply chain by utilizing a standards-based method with which users can prepare, publish in a variety of formats, exchange and analyze financial statements and the information they contain. Some of the world's leading accounting, financial, government and software organizations are involved in the adoption and use of XBRL in the U.S. XBRL-US is hosted and supported by the American Institute of CPAs, one of the founding members of XBRL International. For more information on XBRL, please go to the XBRL US Web site (http://www.xbrl.org/US).
Announced by:
Peter Calvert
XBRL International
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