XBRL US Consortium for XML Business Reporting Standards Announces 2008 Board

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WASHINGTON, Jan. 28 // -- XBRL US, the nonprofit consortium for XML business reporting standards in the US, announced their 2008 board consisting of thought leaders drawn from the investor community, software and service providers, information aggregators and the accounting profession.


    The members announced were:

    -- Al Berkeley, Chairman and CEO, Pipeline Trading Systems

    -- Jeff Diermeier, President and CEO, CFA Institute

    -- Taylor Hawes, Controller, Global Platforms and Operations, Microsoft

    -- Randy Fletchall, Vice Chair - AABS Professional Practice & Risk

     Management, Ernst & Young LLP

    -- Sunir Kapoor, President and CEO, UBmatrix

    -- Robert Kueppers, Deputy CEO, Deloitte

    -- Barry Melancon, President and CEO, AICPA

    -- Phil Moyer, CEO and President, Edgar Online

    -- Mike Starr, Chief Operating Officer, Grant Thornton International

    -- Sam Ranzilla, Partner-in-Charge, Professional Practice, KPMG

    -- Dave Sharpe, Partner, National Professional Services Group,

     PricewaterhouseCoopers

    -- Peter Wallison, Senior Fellow and Arthur F. Burns Chair in Financial

     Policy Studies, American Enterprise Institute

    The new board will lead the consortium in advancing XBRL, a global XML standard for business reporting, in the US public and private sectors.

    Over the last year, the organization brought together key market stakeholders under a contract with the US Securities and Exchange Commission to develop and test a US GAAP taxonomy for financial disclosures, led by an interim board comprised of Barry Melancon, president and CEO, AICPA, Greg Hayes, vice president, United Technologies Corporation and Al Berkeley, Chairman and CEO of Pipeline Trading.

    A beta release of the new XBRL US GAAP Taxonomies is available for public review and comment at http://usgaap.xbrl.us.

    "This is yet another big step for our consortium. This board brings significant knowledge, influence and commitment to the business reporting standards movement," said Mark Bolgiano, XBRL US President and CEO. "Good governance is critically important to setting good standards, and this leadership and support comes at a critical stage as we expand our membership and move XBRL into the mainstream."

    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. XBRL International is a non-profit consortium of approximately 500 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 a jurisdiction of XBRL International. It is a non-profit consortium representing 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 XBRL 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 XBRL 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 public comment at http://usgaap.xbrl.us.
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