This year the focus of our conference is on the people who are on the front lines of the XBRL process – public company financial executives. The largest public companies are now entering their third year of submitting data in XBRL and they’re becoming more adept at the process, establishing internal processes to reduce the time spent in preparation, to check and recheck their work. Data quality is now a bigger concern for them as the SEC’s limited liability provision is removed and as analysts and investors begin to actively use the corporate XBRL data created.
Smaller companies, those that fall into the third phase of the SEC rollout, are faced with different issues. Most are tagging for the first time – still working to understand the basics of XBRL creation and to navigate through the 17,000-element US GAAP Financial Reporting Taxonomy.
We’ve tailored the program so that financial executives can pick the level that best meets their needs – from novice to advanced levels of XBRL creation. Sessions are taught by experts from the top accounting firms as well as regulators from the Financial Accounting Standards Board (FASB) and the SEC. We’re also looking for active participation from you during these sessions – through roundtable discussions and exercises designed to help you learn more and get connected to peers. We’ve also addressed the topic of how public companies can benefit from XBRL themselves through peer analysis and through using their own data internally.
As the Chairman of Pipeline Financial Group, an organization that operates electronic brokerages in Europe and the U.S., I understand the value of accurate, timely and actionable data. I’ve been an advocate of XBRL for many years because I can see how using XBRL will revolutionize the consumption of financial data, freeing it from static reports for better analysis.
I am proud to host an event that will give financial executives at public companies practical lessons in how to work with and use XBRL for their own purposes.
XBRL US Board Member &
2011 National Conference Advisory Committee Chair
- Al Berkeley
Pipeline Financial Group, Inc.
Al has over 30 years of experience in the financial industry. Prior to joining Pipeline, from June 1996 until August 2003, Al served as President and then Vice-Chairman of The Nasdaq Stock Market, Inc. Before Nasdaq, Al was a Managing Director of Alex. Brown & Sons, a leading investment bank. Al co-founded Alex. Brown’s Technology Group in 1975. The technology Group completed about 500 financial offerings for clients while he was associated with the Alex. Brown. Al is a graduate of the Wharton School of Finance of the University of Pennsylvania (MBA) and the University of Virginia (BA). He served as an officer in the United States Air Force.
- Louis Matherne, Chief of Taxonomy Development
Financial Accounting Standards Board
As FASB Chief of Taxonomy Development, Mr. Matherne is responsible for all aspects of the ongoing development and maintenance of the US GAAP Financial Reporting Taxonomy in support of the annual taxonomy release as required for use by Securities and Exchange Commission registrants. Prior to joining the FASB, Louis was Director of XBRL Services at Clarity Systems where he was responsible for providing XBRL leadership and subject matter expertise to Clarity Systems’ clients as well as sales and product development teams. Prior to joining Clarity Systems, Louis was a member of the Securities and Exchange Commission’s XBRL project team that developed the US GAAP taxonomy. Prior to joining the SEC project, Louis was a Director with the American Institute of CPAs, most recently as Director XBRL. In that capacity, Louis also served as the Founding President of XBRL International. Prior to joining the AICPA, Louis achieved more than 15 years of accounting, auditing and related experience at Grant Thornton while based in New Orleans, Philadelphia, the UK Accounting and Auditing Group in London, and ultimately landing in the US Accounting and Auditing Group in New York. Louis has been deeply involved with XBRL from its inception in 1999 and has been referred to as one of the Founding Fathers of XBRL.
- John O’Rourke, Vice President of Product Marketing
John O’Rourke is Vice President of Product Marketing at Oracle Corporation, focusing on EPM products. With a background in accounting and finance, John has over 25 years of experience in the software industry, and 14 years of experience in Product Marketing at Hyperion Solutions and Oracle. John has also held positions in strategic marketing and product marketing at Dun & Bradstreet Software, and Kenan Systems and has been involved with XBRL initiatives for over 10 years. John has a BS degree in accounting from Bentley University and an MBA from Boston College.
- Liam Power
John Truzzolino, Managing Director, Technology Solutions
John Truzzolino is the Managing Director, Technology Solutions for the Global Capital Markets Division of RR Donnelley. John is responsible for sales of technology based solutions supporting new SEC regulatory mandates, driving transparency and high quality disclosure documents to the regulators and the markets. John has more than two decades of experience following SEC compliance changes, analyzing their impact on issues and developing solutions to meet the changing regulatory environment. Experience in Sales, Marketing, Business and Product Development provide a platform for delivering solutions which bridge technology and regulatory requirements. John closely follows the following industry groups and has participated on various panel discussions: American Society of Corporate Governance Professionals; National Investor Relations Institute, Financial Executive Institute and XBRL – US and XBRL International.
- Raul Varela, CFA, Vice President, Strategic Partnerships
In November 2009, Raul Varela joined Rivet Software as Vice President of Strategic initiatives. He manages the development and direction of Rivet’s strategy for becoming the industry leader in global financial communications. Varela is a former Investment Analyst; he’s an expert at identifying market trends and predicting the impacts of new technology on business users. These skills, combined with his gift for project management, bring Rivet the best of both financial information knowledge and strong leadership. Before joining Rivet, Varela served in various roles at software companies including J.D. Edwards, Anderson Consulting (Accenture), and most recently he managed the Corporate Treasury group at OppenheimerFunds, Inc. He’s a Chartered Financial Analyst, and a member of the CFA Institute and the CFA Society of Colorado. Varela holds a bachelor’s of science degree in Mechanical Engineering from the Colorado School of Mines and an MBA from the University of Colorado.
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