XBRLglobal Launches First Print Publication for XBRL

Quarterly will drive adoption with education, technology and research

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Apr 20, 2010, 12:18 ET

ROME, April 20 /PRNewswire/ -- XBRL US and Carveout HM Ltd announced today the first issue of XBRLglobal, a print journal created to support the accelerating adoption of XBRL as a standard business reporting language around the world. XBRLglobal is a joint effort of XBRL US and the Publisher, Carveout HM Ltd to increase the reach and pace of XBRL knowledge distribution.

"The launch of this journal is a much-needed vehicle for building awareness and telling the XBRL story to the private sector, government, and academic centers of innovation. It is a perfect complement to the work we're doing in XBRL US Labs," said Mark Bolgiano, XBRL US President and CEO.

XBRL US Labs, which is conducting several cooperative research and development projects, recently launched a suite of software tools for XBRL document analysis and consistency checking, and anticipates adding new document tags in releases of taxonomies for corporate actions, proxy, and asset-backed securities in 2010.

The quarterly journal will publish academic papers on XBRL, business reporting technologies, and open standards. XBRL US plans to issue an open Call for Papers to the academic community in the next week.

The inaugural issue of XBRLglobal will be distributed at the XBRL International Conference held in Rome April 20-22, and mailed to approximately 15,000 thought leaders in the accounting, financial services, technology, and information publishing sectors around the same time. Qualified industry professionals from these sectors can sign up for a complimentary subscription on the XBRL US website at http://xbrl.us/news/pages/xbrlglobalsubscribe.aspx.

A preview of the first issue, including several articles, can be viewed at http://xbrl.us/news/documents/xbrlglobalsample.pdf.

An initial seven-person XBRLglobal editorial board, chaired by XBRL US Communications VP Michelle Savage, was also announced:

Michelle Savage, Chair; Vice President, Communications, XBRL US (New York, NY USA)
Ralf Frank, Managing Director, DVFA Society of Investment Professionals in Germany; Delegate for XBRL and ESG, EFFAS European Federation of Financial Analysts Societies (Frankfurt, Germany)
Makoto Koizumi, Senior Consultant, Fujitsu Research Institute; Chairman, XBRL International Best Practices Board (Tokyo, Japan)
Gavin Marais, Associate Director and XBRL Leader, Deloitte & Touche Southern Africa, Member, XBRL International Steering Committee, Member, XBRL Advisory Council, International Accounting Standards Committee Foundation, Member, XBRL Quality Review Team, International Accounting Standards Committee Foundation (Johannesburg, South Africa)
Michael Ohata, Managing Director, Advisory Services, KPMG LLP; Immediate Past Chairman, XBRL International (Chicago, IL USA)
Jamie Shay, Head of Standards, SWIFT; Board member, XBRL International (Brussels, Belgium)
Ying Wei, Deputy Director-General, Accounting Regulatory Department, Ministry of Finance; Board Member, XBRL International (Beijing, China)

About XBRL US

XBRL US is the non-profit consortium for XML business reporting standards in the U.S. and it represents the business information supply chain. Its mission is to support the implementation of XML business reporting standards through the development of taxonomies for use by U.S. public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through marketplace collaboration. XBRL US has developed taxonomies for U.S. GAAP, credit rating and mutual fund reporting under contract with the U.S. Securities and Exchange Commission. XBRL US Labs, the research and development arm of XBRL US, leverages the XBRL US platform, methodologies and people to address the quality of taxonomies and the harmonization of XBRL with other XML standards.

About Carveout HM Limited

Carveout HM Ltd is a publishing and marketing firm based out of Hong Kong, which draws on the strong experience of its principals, all who have been actively involved in the financial information standards arena for many years. Drawing on expertise gained publishing the globally respected institutional trading journal, FIXGlobal, Carveout HM works with industry leaders to establish informative, educational media and events that highlight best practice, thought leadership and practical case studies.

Links: www.xbrl.us

SOURCE XBRL US