SOURCE: XBRL US

April 15, 2008 15:27 ET

Media Advisory: Representatives From the SEC, FDIC and XBRL US to Discuss XBRL in Series of Informational Webinars

WASHINGTON, DC--(Marketwire - April 15, 2008) - The use of XBRL software is rapidly accelerating driven in large part by the adoption of XBRL as a reporting standard by leading regulatory agencies. The US FDIC and many European Union Central Banks, under Basel II, have adopted XBRL as their required standard for reporting banks -- and the SEC is paving the way for standard SEC reporting in XBRL with its Interactive Data (XBRL) Voluntary Filing Program. XBRL allows companies, organizations and regulators to more efficiently and effectively generate, aggregate, validate, exchange and analyze business and financial information.

In an online series beginning Wednesday, April 16th, experts from XBRL US, an umbrella group for XBRL developers and users, the SEC, FDIC and a leading research firm discuss the growing standardization to XBRL, and provide an overview on the software and its various applications globally.

Register online at http://xbrl.us/press/pages/pressevent.aspx

WHO

--  SEC:  David Blaszkowsky, Director of the Office of Interactive
    Disclosure, Securities and Exchange Commission
--  FDIC:  Jon Wisnieski, Senior Information Systems Specialist, Federal
    Deposit Insurance Corporation
--  XBRL US:  Michelle Savage, Vice President, Communication, XBRL US
--  UBmatrix:  Darren Peterson, Director of Marketing, UBmatrix, Inc., a
    leading provider of XBRL solutions and services
--  Ventana Research:  Robert Kugel, SVP and Research Director, Ventana
    Research
--  MIX:  Peter Wall, Executive Director, The Microfinance Information
    Exchange (MIX)
    

WHAT

Educational webinar series for media and analysts on XBRL financial information reporting and exchange software.

XBRL Basics and US Regulatory Activities -- Webinar One -- Online presentation and panel discussion providing an overview of XBRL software and its application, including for the FDIC and SEC XBRL Filing Programs.

XBRL in Action -- Webinar Two -- Online presentation and panel discussion providing an overview of the use of XBRL software by different regulatory agencies and organizations worldwide, including a series of case studies by Ventana Research and a presentation by the Microfinance Information Exchange.

WHERE

Register online at http://xbrl.us/press/pages/pressevent.aspx

WHY

XBRL is fast becoming the global standard for the reporting and exchange of financial information.

WHEN

April 16th, 2008 from 3:00 PM to 4:00 PM Eastern Time (Webinar One)

April 17th, 2008 from 3:00 PM to 4:00 PM Eastern Time (Webinar Two)

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 for use by US public and private sectors, working with a goal of interoperability between sectors, and by promoting adoption of 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. For further information, visit www.xbrl.org/us/

Contact Information

  • For further information, contact:

    Dan Cahill
    (917) 617-0106
    Email Contact