XBRL Canada

XBRL Canada

September 10, 2008 07:30 ET

XBRL Canada to Host Morning Session on Interactive Data, Its Adoption and Effect on Canadian Companies

Free event features speakers and industry experts from Bowne & Co., EDGAR Online, IASB, IRIS, and United Technologies Corp. September 24, 2008 in Toronto

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2008) - XBRL Canada, member jurisdiction of XBRL International, is set to discuss recent proposals by the U.S. Securities and Exchange Commission (SEC) for the mandatory use of "Interactive Data" or XBRL (eXtensible Business Reporting Language) during a morning event September 24, 2008 at the Metro Toronto Convention Centre.

The effect on several of Canada's largest public companies and those dually-listed on Canadian and U.S. exchanges is sure to be felt, as the SEC's proposed rule would require all Reporting Issuers to provide financial information using Interactive Data, beginning early 2009 for the largest public companies, and within three years for all other public companies reporting to the SEC - both Domestic and Foreign Issuers.

"There is little doubt that interactive data is our future, "says Gerald Trites, Project Director, XBRL Canada. "With adoption in its early stages, we still have a strong voice and can considerably affect the adoption process. We encourage investor relations officers, financial communications professionals, thought leaders and all those interested in XBRL to join us for this event and share their thoughts on what it means to business in Canada."

Presentation topics and speakers include:

- "Introduction to XBRL Regulatory Filing", with Rob Blake, Senior Director, Interactive Services, Bowne & Co. and Liv Watson, IRIS India

- "How IFRS Fits in" with Tricia O'Malley, Director of Implementation Activities, IASB

- 'Presentation by US filers", with Sue Childs, Senior Vice President of Marketing and Business Development, EDGAR Online and Simon Hecht, Specialist, Consolidations & Financial Reporting, United Technologies Corp.

The full agenda for the event is posted on the XBRL Canada website: www.xbrl.ca/registration.

The afternoon session, held in the same venue, will be hosted by the Canadian Securities Administrators (CSA), and will discuss the SEC rule and the implications for the Canadian marketplace by way of a panel discussion and expert presentations by members of the SEC and the CSA.

There is no charge to attend this event. Continental breakfast and a buffet lunch will be provided to attendees. For registration, please go to www.xbrl.ca/registration.

The XBRL Canada morning sessions are sponsored by the Canadian Institute of Chartered Accountants (CICA), Bowne & Co., and XBRLit.

About XBRL Canada

XBRL Canada is a not-for-profit consortium of leading Canadian companies and organizations, whose role is to create and maintain XBRL taxonomies based on Canadian reporting standards, to increase the awareness, knowledge and understanding of XBRL and its uses in Canada, and to stimulate and promote the adoption of XBRL in Canada.

Contact Information