Media
Contacts
T. David Colgren
Colcomgroup, Inc.
646-536-5103
15TH
GLOBAL INTERACTIVE DATA (XBRL) CONFERENCE FOCUSES ON INTEGRATING BUSINESS
REPORTING FOR SMALL, MEDIUM AND LARGE COMPANIES
Featured speakers at the 2007 XBRL International Conference
include:
§
§
CEBS (Central European Banking Supervisors) Expert Group on Financial
Information – Chairman - Amoud Vossen,
§
International Accounting Standards Board & IFRIC – Chairman – Robert
Garnett,
§
DATEV (Largest German Preparer of Tax & Company Reports for Small to
Medium Size Entities) – CEO Prof. Dieter Kempf,
§ Deutsche Bank - Dr. Matthias Bueger, Frankfurt
§
Representative from German Bundesanzeiger
(Official German Filing Authority for Company Reports)
MUNICH, GERMANY – JUNE
4, 2007 – Over 400 executives from more than 30 countries around the world are
meeting with government regulatory
authorities, stock exchange executives, leading financial services
institutions, accounting and professional services firms and technology
solution providers to further the global adoption of interactive data solutions
like XBRL. The comprehensive
"Interactive data solutions like XBRL represent
significant evolution in the way listed companies gather, prepare and report
financial information to be used for decision making by regulators, analysts
and investors,” said Kurt Ramin, Chair, 15th XBRL Conference and
Emeritus Chairman of XBRL International, Inc. “The conference is a venue at
which all interested stakeholders can come together to collaborate on XBRL
solutions, talk about implementation strategies and share success stories. This year’s conference – our 15th
to date – will draw our largest group of leading regulators in
“Interactive data like XBRL helps companies make faster,
better-informed decisions,” said Michael Ohata, Chair of XBRL International,
Inc. “Companies of all types and sizes can use XBRL to reduce costs and
streamline their processes for collecting and reporting financial information. Through
XBRL companies benefit from the flexibility to adapt to and meet different reporting
requirements, enabling them to easily automate the process of data collection,
which dramatically improving efficiencies and ultimately their bottom line.”
Key conference highlights:
§ Public Day 1 - Monday, June 4th: Keynote
presentations will be given by thought leaders in government and industry
including: US Securities and Exchange Commission (US SEC); International
Accounting Standards Board (IASB); Committee of European Banking Supervisors
(CEBS); International Financial Reporting Interpretations Committee (IFRIC); Bundesanzeiger Verlagesellschaft mbH; DATEV eG; Deutsche Bank AG;
XBRL International; XBRL Deutschland e.V.
§ Public Day 2 - Tuesday, June 5th: 3rd
German Symposium and track sessions targeted to developers; external and
internal reporting; international adoption; regulators and e-government and
taxonomy development in
Attendees will also be able to view demonstrations and see
the real benefits of using XBRL tools and solutions from multiple vendors.
Discussions will center around the US Securities and Exchange Commission (SEC)
adoption of XBRL and the modernization of the EDGAR System, the world’s largest
data system for public company information; The Federal Reserve and Federal
Deposit Insurance Corporate use of XBRL for bank call reports of 8,200 US Banks
with more than a trillion dollar in assets; Shanghai Stock Exchange adoption of
XBRL for Chinese public companies; banking adoption of XBRL in Spain, Belgium
and Japan; and adoption of XBRL by the Committee of European Banking
Supervisors using the Common Reporting Framework (COREP); and discussion of the
world’s first full-circle implementation of XBRL for regulatory reporting for
the Netherlands federal and local government.
Global Gold sponsors of the conference include both Justsystems and UBMatrix. For
more information about conference offerings, visit http://conference.xbrl.org/
About XBRL International
XBRL International, Inc (XII) is a global consortium using a cooperative effort to create
a common business reporting language based on XML. This Web protocol is being
developed and promoted by an international not-for-profit consortium of more
than 480 major international companies,
organizations and government agencies. For more information about XBRL,
please visit www.xbrl.org.
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