XBRL US, and the Financial Accounting Foundation (FAF), the parent organization of the Financial Accounting Standards Board (FASB), have announced a three-year agreement for cooperative XBRL taxonomy research. Under the agreement, FAF and XBRL US Labs will collaborate and work cooperatively with each other to foster the continued high quality and effectiveness of the US GAAP taxonomy and to promote interoperability and consistency between the US GAAP taxonomy and other taxonomies developed by XBRL US.

Read the news release: http://xbrl.us/News/Pages/20100423.aspx

The Call for Papers to academic institutions invites papers on the economic impact of free and open standards on the flow of business information. The call specified three areas of impact: market transparency and risk, data quality and operational efficiencies and investor communications. A panel will select papers for presentation at the 2010 XBRL US National Conference in Philadelphia, PA, November 8-10, 2010, and for publication in XBRLglobal, a quarterly journal and educational initiative launched earlier this year. Papers must be submitted by October 1, 2010. Inquiries should be sent to CallForPapers@xbrl.us.

The XBRL US Board of Directors, in their last quarterly meeting, approved a recommendation from President and CEO Mark Bolgiano to create a new membership class for individual full-time academics to participate in XBRL US Labs, the research and development arm of the organization, citing the importance of U.S. universities as centers for knowledge sharing. Academics who wish to apply for research membership can complete an application form at http://xbrl.us/membership

The public seminar will be held June 4 from 10 a.m. to 12:30 p.m. ET to help mutual funds comply with new rules that require them to file data in the risk/return summary section of the prospectus using XBRL. SEC staff will discuss both the rule requirements and the XBRL taxonomy, which is the list of tags associated with the risk/return summary. The compliance date for open-end funds is Jan.1, 2011. The seminar will be held in the auditorium at the SEC's headquarters (100 F Street N.E. in Washington D.C.) and the event will be webcast live on the SEC website. For additional information about the seminar, contact Ask-OID@sec.gov or (202)551-4144.

This annual conference, themed "Practical Steps to 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

Save the date for XBRL Essentials, SEC Filer Training Workshops. Upcoming workshops will be conducted on September 16 in San Francisco, and November in Philadelphia during the XBRL US National Conference. 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.

Upcoming Schedule:

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 June 16, 2010.

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

The XBRL International Steering Committee and the XBRL International Standards Board have approved the publication of the Inline XBRL Specification and the associated registry of specified transformations as a Recommendation. Inline XBRL is a standard for embedding XBRL fragments into an HTML document. It was created to avoid the need to create visual renderings of XBRL instance documents. The objective is to provide documents which can be viewed in a browser while making use of XBRL tags which can be processed automatically by consuming applications. Inline XBRL satisfies the need to work in a "human readable" document while utilizing the "computer readable" XBRL standard. The Inline Specification defines the syntax for such documents and how the syntax maps into an XBRL instance.

For more details please see http://www.xbrl.org/SpecRecommendations/

The next 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 published in July and feature the topic of enabling the government as a listening post. 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 in the accounting, financial services, technology, and information publishing sectors.

View a sample and sign up for a free subscription: http://xbrl.us/XBRLglobal