The results of the business case call for a transformation in the way corporate actions announcements are communicated in the U.S., allowing investors to receive information on corporate actions such as mergers, dividends, stock splits and other events in a more timely, accurate and less costly way, directly as specified by the issuer or offeror. The business case, developed with key stakeholders from across the corporate actions processing supply chain ? issuers, intermediaries and investors ? documents the existing announcement process, highlights current problems and provides recommendations to solve those issues. The recommendations call for a single set of global standards for corporate actions processing. A pilot program will be initiated late this year to implement the recommendations and further evaluate costs and benefits, with participation from issuers, intermediaries and investors.

Read the press release: http://xbrl.us/News/Pages/20100617.aspx
Read the business case: http://xbrl.us/i2ibusinesscase

Securities and Exchange Commission staff conducted a public seminar on June 4, 2010 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, which can provide investors with quicker access to the data they want in a format that is easily used, searched, and analyzed. SEC staff discussed 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 January 1, 2011. The SEC has made available a video archive of the event, and the accompanying slide presentation.

The webinar archive is available at: http://sec.gov/news/otherwebcasts/2010/060410mutualfundxbrl.shtml
The slide presentation is available at: http://sec.gov/xbrl/site/060410mutualfundxbrl-slides.pdf

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 and avoid common errors in XBRL creation.

A new program on detailed footnote tagging will be added in July, available with CPE credit.

Webinar: Avoiding Common Errors in XBRL Creation - June 30
In the XBRL submissions to date, thousands of inconsistencies or errors have been identified related to the use of the XBRL US GAAP Taxonomy. These errors include incorrect signs, missing concepts, and concepts used incorrectly. Find out how you can check your XBRL documents for errors and learn about current industry practice. Plus, see a demo of XBRL Consistency Suite, a new set of online tools that helps companies identify and correct inconsistencies in their XBRL documents before final submission to the SEC.

Register for the 25-minute free webcast session on June 30 at 3:00 pm ET: http://xbrl.us/avoiderrors

Webinar: Implementing XBRL for SEC Reporting - July 14
This free 90 minute webinar helps public companies get ready for the SEC mandate. 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 create XBRL-formatted financial statements and lessons learned from the first wave of XBRL filings. The next session will be held on July 14, 2010 at 3:00 PM.

Register for the July 14 webinar: http://xbrl.us/webinars

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 August 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