Developed by XBRL US Labs, XBRL Consistency Suite includes a set of over 6,000 checks that can be run automatically against a company's XBRL-formatted financials to identify inconsistencies and problems related to the use of the US GAAP Taxonomy. The tool identifies problems in an XBRL document such as incorrect signs, missing concepts and concepts used incorrectly. The checks provide a key step in the XBRL creation process, allowing companies to make corrections before submitting their filings. The XBRL Consistency Suite also includes additional tools to help public companies:

Identify best practices among peers on concepts used and extensions created

Leverage pre-created extensions for recent accounting standard changes made after the 2009 release of the XBRL US GAAP Taxonomy

The XBRL Consistency Suite is available to public companies and their service providers by annual subscription.

Learn more about XBRL Consistency Suite: http://xbrl.us/csuite
Register and attend a live 15- minute demo
Read the white paper "Avoiding Common Errors in XBRL Creation"

XBRL US Labs has initiated a research and development effort to bring XBRL apps to Apple's popular iPhone and newly-released iPad mobile devices. The purpose of the initiative is to demonstrate the power and benefits of XBRL in a simple and accessible way. XBRL US Labs will recruit Labs partners, research fellows, and interns over the next six weeks to prepare for a June meeting that will seek to crowd-source the design and features of the applications. The first XBRL apps will be available on the iTunes app store this summer.

Read the news release: http://xbrl.us/News/Pages/20100416.aspx

SEC staff has completed updates to the technology infrastructure to fully support the submission of Risk/Return Summary information in XBRL. Mutual funds are now able to create and fully test their XBRL documents in preparation for the January 1, 2011 compliance date (see final rule 33-9006). Effective April 12, 2010, the following three items have been updated: the taxonomy, the previewer/viewer and XBRL validation.

The SEC staff encourages mutual funds, filing agents, and software vendors to begin the process of tagging their Risk/Return Summary information, submitting test filings to EDGAR to validate their documents, and previewing the documents in the Previewer to help prepare for the January 1, 2011 compliance date. The SEC staff welcomes any questions or comments on these related updates and can be contacted at Ask-OID@sec.gov or (202) 551-4144.

On Tuesday, March 23, the SEC staff conducted a public seminar to help companies and preparers comply with rules requiring financial reports to be filed using XBRL. An archived copy of the webcast has been posted, along with the slides and an index that provides a basic outline of the issues discussed during the seminar. All three are available on the SEC Web site: http://www.sec.gov/spotlight/xbrl/xbrl-webcasts.shtml.

This annual conference, themed "Accountability Through Transparency" will explore how the XBRL technology standard can enable accountability in the corporate, government and nonprofit worlds by increasing transparency and usability of information. Participants will learn about real-world practical applications and how XBRL can affect change. Mark your calendars and join XBRL US for this event.

Learn more about the conference: http://conference.xbrl.us

Registration is open for XBRL Essentials, SEC Filer Training Workshops coming up in 2010. The next workshop will be held May 26 in New York City with subsequent sessions held  in September in San Francisco, and November in Philadelphia. These one-day, in-person sessions will be taught by seasoned XBRL professionals intimately familiar with the XBRL US GAAP Taxonomy. The program will give financial managers the tools they need to understand the taxonomy, create XBRL-formatted financial statements, do block tagging and detailed tagging of footnotes.

2010 Schedule:

Wednesday, May 26 - New York City

Thursday, September 16 - San Francisco

November - Philadelphia

Learn more and register: http://xbrl.us/training

XBRL US continues its ongoing series of free live webinars designed to help companies implement XBRL reporting. These webinars are designed to help companies implement XBRL for SEC reporting. The program includes key steps, decisions and considerations for implementing XBRL, an overview of the SEC rule that requires XBRL for public company reporting , how to use a taxonomy, how to create XBRL-formatted financial statements and lessons learned from SEC filings submitted to date. The next webinar will be held on May, 19 2010.

Register for upcoming webinars: http://xbrl.us/webinars

The debut issue of XBRLglobal, a new educational print magazine created to support the accelerating global adoption of XBRL as a standard business reporting language, will be distributed at the XBRL International Conference in Rome, April 20-22. It will also be mailed to approximately 15,000 thought leaders in the accounting, financial services, technology, and information publishing sectors. The quarterly journal will publish academic papers on XBRL, business reporting technologies, and open standards with the goal of increasing knowledge of XBRL and the pace of adoption among the private sector, government and the academic world. XBRLglobal is a joint effort of XBRL US and the Publisher, Carveout HM Ltd. Complimentary subscriptions are available to qualified industry professionals.

Read the press release: http://xbrl.us/News/Pages/20100420.aspx
Sign up for a free subscription
View a sample from the issue