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AICPA Offers XBRL Seminar in NY July 1, 2008 (SmartPros) The American Institute of Certified Public Accountants is offering a special two-day seminar, July 22-23, for financial professionals on understanding and applying the new eXtensible Business Reporting Language (XBRL) required for public companies by the Securities and Exchange Commission. The objective of the seminar, to be held in the AICPA boardroom in New York, is to provide a hands-on, interactive approach to understanding the new information standard that is about to impact U.S. publicly-held companies. The July 22-23 workshop is designed to benefit financial executives and staff including chief financial officers, controllers, assistant controllers, accounting managers and auditors who assist clients who work with and prepare financial statements for both publicly-held and privately-held companies. "This is a significant emerging issue for preparers," said Arleen Thomas, AICPA senior vice president member competency and development. The SEC proposed on May 30 to require all U.S. publicly-held companies to provide their financial statements, footnotes and schedules using interactive data starting with reporting periods ending on or after Dec. 15, 2008. The rule is phased-in over three years. The SEC proposed rule would affect the largest 500 companies by the end of the year. For more information: www.cpa2biz.com. |
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