XBRL US Labs has completed the initial draft of a digital dictionary of corporate actions event information and has made it available for a 60-day public review and comment period. Over 50 types of corporate actions, including mergers, dividends, and stock splits can be tagged using this taxonomy to produce computer-readable documents and structured data that enables straight-through-processing (STP) from issuer to investor. The taxonomy was developed as part of the Issuer-to-Investor: Corporate Actions initiative, a cooperative industry effort sponsored by DTCC, SWIFT and XBRL US Labs. The goal of the program is to improve transparency and communication between issuers and investors, and for greater accuracy, reduced risks and lower costs throughout the system.

Read the news release: http://xbrl.us/News/Pages/20100930.aspx

Review the taxonomy and provide comment: http://xbrl.us/corpactionspr

Learn more about the Issuer to Investor: Corporate Actions initiative: http://xbrl.us/research/Pages/CorporateActions.aspx

Read the Corporate Actions Business Case: http://xbrl.us/i2i/pages/businesscase.aspx

Citi is working with XBRL US Labs to research the costs and benefits of transforming corporate actions processing in a pilot program that will involve dividend payment announcements issued by ADRs (American Depositary Receipts). Experts in corporate actions services at Citi will work with XBRL US Labs and other pilot participants as part of an initiative launched by XBRL US, DTCC, and SWIFT to use XBRL to reduce corporate actions' cost and time, and to improve data quality. The pilot is designed to test the premise that the use of structured, computer-readable data can streamline the process and introduce straight-through-processing (STP). An impact analysis will be conducted on the issuance of XBRL-tagged announcements, processing by banks, depositaries, and stock exchanges, and on the ultimate usability of corporate event data by information consumers, particularly shareholders.

Read the news release: http://xbrl.us/News/Pages/20100916.aspx

On October 12, 2010 the Standards Coordination Group announced the publication of its updated Investment Roadmap. The roadmap's purpose is to provide market participants consistent direction when using financial services messaging standards by visually mapping the protocols to their appropriate business processes across asset classes. The Investment Roadmap, initially introduced in 2008, lays the groundwork for moving towards one common business model, ISO 20022, while allowing the respective standards organizations to continue maintaining their existing protocols - FIX, ISO, FpML and XBRL (the newest addition). The Investment Roadmap presentation and related FAQ are now publicly available for download from the ISO 20022 website.

The Standards Coordination Group is comprised of XBRL US, FIX Protocol Ltd. (FPL), Financial Products Markup Language (FpML), International Securities Association for Institutional Trade Communication (ISITC), Society for Worldwide Interbank Financial Telecommunication (SWIFT),andFinancial Information Services Division of SIIA (FISD).

Read the news release: http://xbrl.us/News/Pages/20101012.aspx

Download the Investment Roadmap presentation: http://www.iso20022.org/documents/general/InvestmentRoadmap.pdf

Read related FAQ: http://www.iso20022.org/documents/general/InvestmentRoadmapFAQ.pdf

Learn more at the ISO 20022 website: http://www.iso20022.org/

XBRL US has launched an iPhone app, Brix, designed to deliver data from, and about, corporate financial statements moments after they are filed to demonstrate the power and benefits of XBRL. The Brix app enables iPhone viewing, searching, and sorting of XBRL reports and tags. It also uses the "Notification" feature to alert a user when a specific company files an XBRL report, or when a specific tag is used, and offers a one-click email forward of XBRL documents as an Excel attachment. Brix is free and can be found at http://xbrl.us/iphoneapp or by searching for "XBRL" in the iTunes Apps Store.

Read the news release: http://xbrl.us/news/pages/20100819.aspx

The Financial Accounting Foundation (FAF) has announced the availability of the proposed 2011 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The proposed 2011 taxonomy contains updates for accounting standards and other recommended improvements to the 2009 taxonomy currently in use by SEC issuers. The proposed changes will be open for a 60-day comment period before a final update is published in early 2011. The deadline to submit written comments is October 30, 2010. The 2011 taxonomy draft and instructions on how to submit comments are available at http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176157088011

Read the FAF news release: http://www.fasb.org/cs/ContentServer?c=FASBContent_C&pagename=FASB%2FFASBContent_C%2FNewsPage&cid=1176157274565

The Record of Credit Ratings Taxonomy, Release 2009 has been completed and is now available for use. The Securities and Exchange Commission (SEC) recently adopted new rules relating to the disclosure requirements for ratings actions of nationally recognized statistical rating organizations (NRSROs). These rules require NRSROs to make the data publicly available in XBRL format by publishing it on their corporate websites. The taxonomy can be downloaded in its entirety or viewed in the XBRL US Review Tool.

View and download the taxonomy: http://xbrl.us/taxonomies/Pages/US-ROCR2009.aspx

Read the SEC's Implementation Guide: http://www.sec.gov/spotlight/xbrl/nrsro-implementation-guide.shtml

XBRL US will hold its annual conference, The Path to Transparency, on November 9-10, 2010 in Philadelphia, PA at the Pennsylvania Convention Center. The program will focus on how the use of XBRL can enable accountability in corporate reporting and securities processing by increasing the transparency and usability of information, with an emphasis on real-world implementation such as XBRL for US GAAP reporting. Conference sessions will give financial executives at public companies and securities processing professionals practical lessons in the use XBRL and provide a look into the future of financial reporting. Development programs underway including XBRL for corporate actions and proxy and other areas in securities processing will also be key topics.

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

Register for the conference: http://register.xbrl.us

In the over 3,400 XBRL submissions to date, thousands of inconsistencies or errors have been identified related to the use of the US GAAP Taxonomy. These errors include incorrect signs, missing concepts, and concepts used incorrectly. XBRL US will host a free webinar for public company preparers on October 13 at 3:00 pm ET. Preparers will find out how to check their XBRL documents for errors before SEC submission and learn about current industry practice.

Register for the October 13 webinar: http://xbrl.us/avoiderrors

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 October 20, 2010 at 3:00 PM.

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

The current issue of XBRLglobal showcases the substantive role governments are playing in the application and implementation of XBRL. The quarterly journal, the first print magazine created to support the accelerating global adoption of XBRL as a standard , publishes 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.

Sign up for a free subscription: http://xbrl.us/XBRLglobal