ACCPAC Applauds XBRL Release

ACCPAC,a member of the XBRL Steering Committee, has publicly announced its support and praise for the first XBRL specifications, released last week and announced in a story on AccountingWeb.

A division of Computer Associates' interBiz group, the goal is to develop guidelines and specs that blend with the financial practices and tax rules followed on an international level.

Barry Melancon, president and CEO of AICPA, said in a prepared statement, 'XBRL helps companies, analysts, investors and other audiences make better informed financial and management decisions, and leverage the capabilities of the Internet to facilitate the exchange of financial information.'

The timing of ACCPAC's public support coincided with the just-released set of standards and the company's hosting of the XBRL committee at its Singapore offices.

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