XBRLSpy - XBRL News

Google News - XBRL: CARTES & IDentification 2009 Exhibitor Profiles - TMCnet

Tue, 10 Nov 2009 02:26:03 -0800

CARTES & IDentification 2009 Exhibitor Profiles
TMCnet
Business Wire's patented NX data platform supports XML, XHTML and XBRL code that enhances news release interactivity, social media sharing and search engine ...

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Google News - XBRL: Global Sourcing Forum + Expo 2009 Exhibitor Profile for Navayuga Infotech LLC - Business Wire (press release)

Mon, 09 Nov 2009 10:55:09 -0800

Global Sourcing Forum + Expo 2009 Exhibitor Profile for Navayuga Infotech LLC
Business Wire (press release)
Business Wire's patented NX data platform supports XML, XHTML and XBRL code that enhances news release interactivity, social media sharing and search engine ...

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Google News - XBRL: KioskCom Self Service Expo and The Digital Signage Show Exhibitor Profiles - Reuters

Thu, 05 Nov 2009 11:01:58 -0800

KioskCom Self Service Expo and The Digital Signage Show Exhibitor Profiles
Reuters
Business Wire's patented NX data platform supports XML, XHTML and XBRL code that enhances news release interactivity, social media sharing and search engine ...

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Hitachi Data Interactive: XBRL: An Interview with Paul Wilkinson (Part 2)

Thu, 05 Nov 2009 09:17:02 -0800

Paul Wilkinson is Chief Strategy Officer of CLOUD, Inc., the Consortium for Local Ownership and Use of Data. He was Senior Adviser to SEC Chairman Christopher Cox from 2005 until 2009, where he oversaw XBRL adoption. From 2001 to 2005 he was Executive Director of the U.S. House of Representatives Majority Policy Committee, handling international and economic policy. He can be reached by email.

This is the second installment of a three-part interview. The first part contains questions 1 through 5.

6. XBRL has not captured the imagination of security analysts and other investment professionals as some had hoped. Why do you think investors have been relatively indifferent about interactive data? As the SEC’s XBRL adoption expands to more companies, do you see that situation changing?

XBRL shouldn’t capture the imagination of analysts, investment professionals, and investors. XBRL isn’t what’s important to them; the data is. Many investors don’t realize it, but they’ve been using XBRL or similar standards for years. The difference is that in the past, third parties have been standardizing and tagging company data, not the companies themselves. The main thing that changed with the public company XBRL mandate is that companies are now responsible for making sure that the data investors actually use is accurate. Companies spend so much money making sure their disclosures are as accurate and complete as possible that it would have been a shame to continue to let all that hard work be subject to third party interpretation, normalization, and potential over-simplification. We’ve all seen what happens in a game of “telephone.” There’s a reason hearsay is inadmissible in court. It may not “capture the imagination,” but eliminating an entire level of hearsay in the world’s leading capital markets has the potential to be a pretty big deal.

What I see changing isn’t necessarily respect for the data standard among non-technical users, although like all successful data standards, the standard must become more useful over time to avoid becoming obsolete. What I see changing is respect for the professionals responsible for preparing the data. Until I became involved in the XBRL project, I didn’t understand the full extent to which the accounting profession is vital to healthy markets. You can see that in the fact that while accountants and auditors were using SOX to improve public company reporting, financial engineers were working to avoid accountants by relying on non-GAAP models for ABS. With XBRL, the accounting profession’s work is transmitted more accurately and more fully to more people who can make more effective use of that work. I suspect that’s one reason the AICPA was such a strong supporter of XBRL from the outset.

7. In a recent blog, you posited the idea that “NIEM is to XBRL as United States customary units are to the Metric System.” Could you expand on that idea and explain more fully how you see the relative contribution of NIEM and XBRL in implementing data standards for Federal government activities?

The main point I hope readers took from my post is that global standards are more efficient than national standards. NIEM is a domestic U.S. standard. Yet we live in a global economy. It’s just a no-brainer to me that when local standards and global standards are both available, you go with the global standard unless there’s a compelling reason for parochialism. That’s why the G-20 leadership supports global accounting standards. Heck, we almost lost Winston Churchill before WWII because he was accustomed to a parochial standard and looked the wrong way when crossing Fifth Avenue in New York City. Who knows how much we’ve lost as a result of parochial standards?

With respect to NIEM, why should one nation’s government care if its information standards are compatible with other governments’ standards? Well, two reasons are terrorism and financial crime. They’re both global challenges. At the SEC and at the House Homeland Security Committee before that, some of our greatest challenges were facilitating international cooperation among law enforcement and intelligence agencies to combat terrorism and financial crime.

Making NIEM global, through collaboration with XBRL standards, could significantly improve how law enforcement officials work with each other across borders. XBRL’s validation capability could also be helpful in the law enforcement domain. With all the smart people working on both standards, there’s no reason they can’t become fully interoperable open standards – or unified into a single standard. I don’t think anyone knows how NIEM and XBRL will ultimately work together, but that’s what makes working on data standards interesting – someone will always find better ways to make standards work.

8. In a post describing health information technology standards, you suggest that the SEC’s adoption of XBRL could be used as a model for adopting standards in other industries. In this respect, what elements of the SEC implementation do you find worthy of emulation?

The same leadership gap exists with respect to medical records that existed before the SEC moved forward with XBRL. No perfect standard exists in any domain. After the SEC chose XBRL, much hard work remained to make it capable of supporting high quality GAAP reporting. In medicine, the plethora of incompatible proprietary standards is much worse than in financial reporting. Nevertheless, if patients are to enjoy the benefits of medical records created, transmitted, and used according to open industry standards, someone must overcome the proprietary interests and provide the leadership to choose and develop an open and effective high-quality standard.

In learning, grades can mean different things to different schools and different people. Unique students are taught in identical ways on agricultural calendars in the information age. Someone someday will develop open standards to support a system in which unique students enjoy custom lessons to meet their educational needs and measure their progress. Extensibility, dimensions, presentation layers and more could be big parts of such a standard.

In the end, recognizing the unique worth of every individual – in education, medicine, business, and every sector – requires robust methods to assemble, store, and use complex information. XBRL blazed the trail. I’ve frequently noted that if we could find a way to convert U.S. GAAP to a computer language – when no one is even sure how many tens of thousands of pages of literature comprise the standard – other challenges must be easy in comparison. Other industries have enormous amounts to learn from the XBRL experience.

[Disclosure: I’m the Chief Strategy Officer for CLOUD, Inc., the Consortium for Local Ownership and Use of Data, a new non-profit organization exploring the potential of cross-industry data standards for personal information that would give individual users more control over their own information.]

9. In a post on your blog about a bill to make XBRL the data standard for disclosure to the US government, you wrote “Bringing labor-saving technology to banking and securities regulation is one thing, but making L.A.’s [legislative assistants] on the Hill redundant? What hath sunlight wrought?” Isn’t it possible, however, that XBRL will increase the demand for analysts, because analysis will be easier to do?

As a former L.A., I certainly hope XBRL makes analysis easier and boosts demand! Perhaps I was a bit facetious. The title of Clay Shirky’s book, “Here Comes Everybody,” says a lot. The nice thing about democracy is that we all have something to contribute, and the more high quality information we have – Chris Anderson’s “long tail” of information – the more we can contribute and the less time we waste sorting information that’s not useful. Too often, the toughest part of quality analysis is collecting the data to analyze. Making data available to the world by supporting open standards and open software to analyze that data can’t help but support smarter decisions.

Freerisk.org and Wikinvest are just two examples of how more accessible data can make analysis faster and better, if not easier. Having faster and better data supports deeper thinking about how to analyze the data. And thinking is hard – so I’m not so sure about “easier.” But by reducing the cost of analysis, XBRL pushes the supply curve of analysis to the right – meaning it intersects the demand curve at a point where there’s more analysis in the market at a lower price. By increasing the quality of analysis – less garbage in means less garbage out – the markets subject to analysis should work more efficiently, resulting in more capital being allocated to more productive uses – a virtuous circle.

10. What XBRL developments in other countries do you find noteworthy, and what can the US learn from them?

What I find most noteworthy are the many and flexible uses for XBRL. The greatest lesson the U.S. might learn could be, “XBRL – it’s not just for GAAP anymore.” Australia’s Standard Business Reporting project is impressive, as is the work to standardize corporate actions XBRL US is doing with the International Organization for Standardization (ISO), the Society for Worldwide Interbank Financial Telecommunication (SWIFT), and the Depository Trust & Clearing Corporation (DTCC). Using XBRL for corporate actions on a global basis could be like moving from vinyl records to mp3’s. By cutting overhead costs – time costs and money costs – equity financing has the potential to make gains relative to debt financing. And that means stronger and more efficient global capital markets.

Moreover, smoother global accounting, as the International Financial Reporting Standards taxonomy continues to improve, smoother global trading, and a more standardized corporate actions process all mean that more capital can be allocated to its highest and best uses more quickly. More open and competitive global capital markets simply mean that billions of people will be better off.

Google News - XBRL: EDGAR's Online Q3 in the Black: Adjusted EBITDA Soars 728% - Seeking Alpha (blog)

Thu, 05 Nov 2009 01:23:55 -0800

EDGAR's Online Q3 in the Black: Adjusted EBITDA Soars 728%
Seeking Alpha (blog)
Thanks to a 219% increase in XBRL filings, EDGAR Online (EDGR) just reported higher revenue and income for the 2009 third quarter. Importantly, XBRL filing ...

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Google News - XBRL: EDGAR Online Reports Third Quarter 2009 Results - CNNMoney.com (press release)

Wed, 04 Nov 2009 13:00:33 -0800

EDGAR Online Reports Third Quarter 2009 Results
CNNMoney.com (press release)
EDGAR Online is a leader in the creation of XBRL financial reports and the distribution of company data and public filings for equities, mutual funds and a ...
EDGAR's Online Q3 in the Black: Adjusted EBITDA Soars 728%Seeking Alpha (blog)

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Google News - XBRL: ad:tech New York 2009 News Distributed By Business Wire Available At WWW ... - Business Wire (press release)

Wed, 04 Nov 2009 07:02:02 -0800

ad:tech New York 2009 News Distributed By Business Wire Available At WWW ...
Business Wire (press release)
Business Wire also handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR, FSA and other systems. ...

Google News - XBRL: EDGAR Online Reports Third Quarter 2009 Results - Reuters

Tue, 03 Nov 2009 14:02:08 -0800

EDGAR Online Reports Third Quarter 2009 Results
Reuters
EDGAR Online is a leader in the creation of XBRL financial reports and the distribution of company data and public filings for equities, mutual funds and a ...

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JustSystems Feed: Podcast: Diane Mueller talks about financial data, XBRL and the Semantic Web with Paul Miller, Nodalities

Tue, 03 Nov 2009 13:41:35 -0800

Listen to Paul Miller of Nodalities latest podcast with Diane Mueller of JustSystems.

We discuss the evolution of the eXtensible Business Reporting Language (XBRL), consider some of the use cases for it, and look at its’ relevance to the Semantic Web community.

Towards the end of the conversation we refer to a recent workshop organised by XBRL International and the World Wide Web Consortium (W3C).

Google News - XBRL: EDGAR ONLI : EDGAR Online Reports Third Quarter 2009 Results - 4-traders (press release)

Tue, 03 Nov 2009 13:28:44 -0800

EDGAR ONLI : EDGAR Online Reports Third Quarter 2009 Results
4-traders (press release)
EDGAR Online is a leader in the creation of XBRL financial reports and the distribution of company data and public filings for equities, mutual funds and a ...

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Google News - XBRL: EDGAR Online Reports Third Quarter 2009 Results - SYS-CON Media (press release)

Tue, 03 Nov 2009 13:05:50 -0800

EDGAR Online Reports Third Quarter 2009 Results
SYS-CON Media (press release)
EDGAR Online is a leader in the creation of XBRL financial reports and the distribution of company data and public filings for equities, mutual funds and a ...

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Google News - XBRL: 2009 SEMA Show News Distributed By Business Wire Available At WWW ... - Business Wire (press release)

Tue, 03 Nov 2009 10:00:39 -0800

2009 SEMA Show News Distributed By Business Wire Available At WWW ...
Business Wire (press release)
Business Wire also handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR, FSA and other systems. ...

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XBRL Blog Magazine: Google, SAP, and Salesforce.com Could Save Credit Markets and Journalism

Tue, 03 Nov 2009 09:25:55 -0800

Saturday’s Barron’s had a pithy review of Ken Aulettta’s Googled: The End of the World As We Know It.To sum it up, reviewer Mark Veverka says, “Google’s science exposes the inefficiency of traditional advertising and threatens to remove middlemen.”

[This is a content summary only. Visit XBRL Blog Magazine for more.]

XBRL Blog Magazine: XBRL: An Interview with Paul Wilkinson (Part 1)

Tue, 03 Nov 2009 09:21:12 -0800

XBRL Blog Magazine: Asset Managers Endorse Use of XBRL for Corporate Actions

Tue, 03 Nov 2009 09:08:23 -0800

The corporate actions committee of the Asset Managers Forum has thrown its weight behind the efforts of Depository Trust & Clearing Corp. (DTCC), and Swift to promote the use by issuers of the extensible business reporting language (XBRL) format for corporate actions.

[This is a content summary only. Visit XBRL Blog Magazine for more.]

Google News - XBRL: Breaking BIO-Europe 2009 News Distributed by Business Wire and Virtual Press ... - Business Wire (press release)

Tue, 03 Nov 2009 01:00:57 -0800

Breaking BIO-Europe 2009 News Distributed by Business Wire and Virtual Press ...
Business Wire (press release)
Business Wire also handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR, FSA and other systems. ...

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Google News - XBRL: Altova Delivers Customers' "Most Wanted" Features With Version 2010 of Its ... - Market Wire (press release)

Tue, 03 Nov 2009 00:07:21 -0800

Altova Delivers Customers' "Most Wanted" Features With Version 2010 of Its ...
Market Wire (press release)
XMLSpy 2010 also includes enhancements to its XBRL support, including a new XBRL Taxonomy Wizard for creating XBRL taxonomies in the graphical XBRL Taxonomy ...

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Google News - XBRL: Policy Makers Miss the Mark - Seeking Alpha (blog)

Mon, 02 Nov 2009 00:26:06 -0800

Policy Makers Miss the Mark
Seeking Alpha (blog)
Even adherents of XBRL have to admit that the business tagging protocol requires a centralized database first and foremost. Yes, the almost monstrous ...

Google News - XBRL: XBRL US National Conference, Nov. 17-18, to Feature XBRL Reporting Essentials ... - PR-AU.com... (press release)

Fri, 30 Oct 2009 13:30:41 -0700

XBRL US National Conference, Nov. 17-18, to Feature XBRL Reporting Essentials ...
PR-AU.com... (press release)
XBRL US, the nonprofit consortium for XML business reporting, announced that its national conference, "XBRL Financial Reporting: Advancing Transparency, ...

Google News - XBRL: Asset Managers Endorse Use of XBRL for Corporate Actions - Securities Industry News (subscription)

Fri, 30 Oct 2009 11:58:11 -0700

Asset Managers Endorse Use of XBRL for Corporate Actions
Securities Industry News (subscription)
(DTCC), and Swift to promote the use by issuers of the extensible business reporting language (XBRL) format for corporate actions. ...

Google News - XBRL: Additional BIO-Europe 2009 Profiles - Reuters

Fri, 30 Oct 2009 10:02:37 -0700

Additional BIO-Europe 2009 Profiles
Reuters
Business Wire's patented NX data platform supports XML, XHTML and XBRL code that enhances news release interactivity, social media sharing and search engine ...

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Google News - XBRL: Altova adds WSDL 2.0 support to MissionKit - SDTimes.com

Fri, 30 Oct 2009 05:41:17 -0700

Altova adds WSDL 2.0 support to MissionKit
SDTimes.com
MapForce, StyleVision and XMLSpy have more options for working with Extensible Business Reporting Language (XBRL). Developers can now generate XBRL taxonomy ...

XBRL Blog Magazine: IFRS and XBRL: CPA’s – listen up

Thu, 29 Oct 2009 23:47:29 -0700

As one of the XBRL for Dummies editors I feel justified in saying that it is the best thing that’s happened in financial reporting for a long time.

[This is a content summary only. Visit XBRL Blog Magazine for more.]

XBRL Blog Magazine: XBRL International Inc. Announces 2010 Steering Committee Election Results

Thu, 29 Oct 2009 23:44:25 -0700

XBRL International Inc. (XII) announced that Mike Willis, Partner, PricewaterhouseCoopers LLP, has been re-elected as Chairman of the International Steering Committee (ISC) for 2010.

[This is a content summary only. Visit XBRL Blog Magazine for more.]

Google News - XBRL: XBRL International Inc. Announces 2010 Steering Committee Election Results - Reuters

Thu, 29 Oct 2009 15:03:05 -0700

XBRL International Inc. Announces 2010 Steering Committee Election Results
Reuters
"This election cycle attracted the greatest number of candidates in our history, a testament to the interest and global reach of the XBRL movement," states ...

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Google News - XBRL: XBRL International Inc. Announces 2010 Steering Committee Election Results - SYS-CON Media (press release)

Thu, 29 Oct 2009 14:12:14 -0700

XBRL International Inc. Announces 2010 Steering Committee Election Results
SYS-CON Media (press release)
XBRL International Inc. (XII) announced that Mike Willis, Partner, PricewaterhouseCoopers LLP, has been re-elected as Chairman of the International Steering ...

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Google News - XBRL: US Execs Prefer FASB to Set Accounting Standards - WebCPA

Thu, 29 Oct 2009 14:07:45 -0700

US Execs Prefer FASB to Set Accounting Standards
WebCPA
The increase is not significant, given the SEC mandate that public companies begin using XBRL as of this past June and no later than 2011. ...

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Google News - XBRL: XBRL Services - Business Wire (press release)

Thu, 29 Oct 2009 13:14:45 -0700

XBRL Services
Business Wire (press release)
Meet the SEC mandate for XBRL reporting with world-class XBRL tagging and filing from Business Wire. The only newswire with complete in-house XBRL ...

XBRL Blog Magazine: XBRL US National Conference, Nov. 17-18, to Feature XBRL Reporting Essentials for Financial Executives

Thu, 29 Oct 2009 12:26:46 -0700

XBRL US, the nonprofit consortium for XML business reporting, announced that its national conference, "XBRL Financial Reporting: Advancing Transparency, Transforming the Dialogue".

[This is a content summary only. Visit XBRL Blog Magazine for more.]

Google News - XBRL: XBRL US National Conference, Nov. 17-18, to Feature XBRL Reporting Essentials ... - Reuters

Thu, 29 Oct 2009 12:03:09 -0700

XBRL US National Conference, Nov. 17-18, to Feature XBRL Reporting Essentials ...
Reuters
17-18, to Feature XBRL Reporting Essentials for Financial Executives Other topics will cover issuer to investor dialogue; CPE credit available WASHINGTON, ...

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