One of the most compelling benefits eXtensible Business Reporting Language (XBRL) offers adopting organizations is the ability to easily sort data across a variety of forms and reports.

A recent study of the XBRL documents filed as part of the U.S. Securities and Exchange Commission’s (SEC) voluntary Filign Program (VFP) has name Adobe Systems Inc., an XBRL client of SimpleX Data Technologies, one of the model companies in terms of both quantity and quality of its XBRL filings. Since the VFP began in early 2005, Adobe has made six consecutive quarterly filings, all of which are fully validated and compliant with the specification.“Adobe is pleased to contributing to the development of a top-quality XBRL reporting standard.

UBmatrix, a leading provider of software and services leveraging the global XBRL standard, announced that UBmatrix Director of Industry Solutions - Financial Reporting, Charlie Hoffman, has been presented with the American Institute of Certified Professional Accountants' (AICPA) Special Recognition Award. He is honored for his role as a pioneer in the development of eXtensible Business Reporting Language (XBRL).

Denver-based Rivet Software, a longtime leading developer of XBRL technologies, has entered several new initiatives to advance XBRL, the fast-evolving electronic format for distributing and disseminating business report information.First and foremost, Rivet is part of a team of seven technology companies chosen by the Securities and Exchange Commission (SEC) to essentially convert the SEC Edgar system for collecting and distributing financial report information to an XBRL-based infrastructure.The group, which is led by Keane Federal Systems of McLean, Va., and also includes Microsoft Cor

The Oasis Tax XML Technical Committee and the XBRL GL Working Group will offer an outreach event for accounting software vendors in San Francisco, CA., on October 5 and 6, 2006, to promote awareness on XBRL GL, the standardized Global Ledger, and encourage its incorporation in accounting software applications.Advertisement

Grant Thornton LLP National Director of Assurance Innovation Dan Roberts has been re-elected as Chairman of the XBRL-US Steering Committee, which governs XBRL-US, a consortium of 70 organizations working to adopt a standard method of business and financial reporting in the U.S. and worldwide. The XBRL-US Steering Committee is made up of nine representatives of those members. Liv Watson of Edgar-Online was elected Vice-Chair of the XBRL-US Steering Committee.“This coming year will be a very busy one for the Steering Committee and for XBRL-US in general.

In what may propel needed increased market awareness of eXtensible Business Reporting Language (XBRL) and reinforce the fact that the accounting profession has led the development of that Internet-based technology, Securities and Exchange Commission (SEC) Chairman Christopher Cox and American Institute of Certified Public Accountants (AICPA) President Barry Melancon are the co-keynote speakers at the next XBRL International conference.

Taligent Research presents the first in an ongoing series of in-depth XBRL GL training session on July 13 in Alexandria, Virginia.

Rivet Software, a leading developer of XBRL data tagging technology, is building a sales channel which will consist primarily of accountants and accounting firms.Advertisement