WASHINGTON, DC – XBRL International and XBRL US will host a conference in Washington, DC, October 15-16, 2008 that will outline how structured data can improve the decision-making process for investors, governments and others. The 18th XBRL International Conference, Better Reporting for Better Decisions: by Managers, Investors, Governments and Citizens, which will be held at the Reagan Building and International Trade Center,will bea global forum drawing together business leaders from around the world to discuss the impact of XBRL reporting and how its use at the point of origination can result in greater clarity of information, stronger accountability from corporations, governments and financial institutions and better usability of information by key audiences.
Highlights from the conference will include :
- Expert keynote speakers on the securities markets: Christopher Cox, Chairman, Securities and Exchange Commission (SEC), Ira M. Millstein, Partner, Weil, Gotshal & Manges, LLP, Senior Associate Dean for Corporate Governance, Yale SOM, Linda Kelleher, Executive Vice President, National Investor Relations Institute, William Lutz, Professor Emeritus, Rutgers University, Chair, SEC’s 21st Century Disclosure Initiative, Liping Song, CEO, Shenzhen Stock Exchange
- Expert keynote speakers on the government market: Steven O. App, Deputy Director and CFO, Federal Deposit Insurance Corporation (FDIC), Kim Wallin, Controller for the State of Nevada
- Expert keynote from the software market: Kazuhiko Hanaoka, Corporate Vice President, Fujitsu Limited
- Public company-focused sessions on securities filing in XBRL, corporate governance and investor communication plus hands-on training on filing to the SEC in interactive data format
- Analyst-specific topics on institutional and individual investor use of information, analytical tools and key performance indicators for better valuation
- Public sector sessions on grants, federal and municipal use of structured data for improved performance reporting
This conference will build on the momentum behind interactive data worldwide both in the securities markets and in the public sector, with an emphasis on how data in XBRL format will favorably impact the consumer of public company data, government performance information, transactional information and other information.
“Information that is easier to extract, search on and use will inevitably lead to greater accountability and responsibility,” said Jeff Diermeier, CFA, President and CEO, CFA Institute, “The sessions and speakers at this conference will present case studies and tools that demonstrate how the unique qualities of structured data can make this a reality.”
Major sponsors of the conference include Platinum Sponsor Fujitsu, Gold Sponsor UBmatrix
and Silver Sponsors EDGAROnline, Clarity Systems, AICPA, Deloitte, CFA Institute, PricewaterhouseCoopers, CompSci Resources, Rivet Software, Grant Thornton, Just Systems, Ernst & Young and KPMG.
For more information about the conference, go to http://conference.xbrl.org/ and to register directly, go to https://registration.xbrl.org/. Reporters can email lynne.hasluck@xbrl.us for complimentary media passes to the event.
About XBRL
XBRL (Extensible Business Reporting Language) is a royalty-free, open specification for software that uses XML data tags to describe business and financial information for public and private companies and other organizations. XBRL benefits all members of the information supply chain by utilizing a standards-based method with which users can prepare, publish in a variety of formats, exchange and analyze business and financial statements and the information they contain.
About XBRL International
XBRL International is a non-profit consortium of approximately 550 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 the non-profit consortium for XML business reporting standards in the United States and is a jurisdiction of XBRL International. It represents 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 XML business reporting standards 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 these taxonomies 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 review at http://xbrl.us/pages/us-gaap.aspx.
