The XBRL Consistency Suite (http://csuite.xbrl.us/) performs over 6,000 tests against a company’s XBRL document and produces a report that shows taxonomy-specific errors that have been made. Companies, or their service providers, should run the tool on their XBRL-formatted financials before they submit them to regulators and investors as a final step in the XBRL creation process. It also includes access to a database of XBRL documents submitted to the SEC, updated regularly.

Subscribers can perform basic analytics on the database to see what concepts are being used by their peers and what extensions are being created by searching on the full set of filings, or searching by industry or company. Pre-created extensions reflect new accounting standards and industry changes. XBRL Consistency Suite was developed by XBRL US Labs, the research and development arm of XBRL US.

“Creating XBRL-formatted financial statements requires a good understanding of how the XBRL US GAAP Taxonomy is structured. Consistency Checks lets us test our assumptions and make corrections to errors that can be easily avoided, before we submit the XBRL document to the SEC,” said Matt Birney, Manager, IFRS Policy and Implementation, United Technologies Corporation, “And the company analytics give us real insights into industry best practices about how our peers tag their financials.”

“Public companies have a lot of decisions to make when using the XBRL US GAAP Taxonomy,” said Campbell Pryde, Chief Standards Officer, XBRL US, “They should not be penalized for mistakes that can be easily corrected. The XBRL Consistency Suite gives companies the tools they need to correct inaccuracies. Our goal is to help companies and industries establish a common core set of best practices so that investors and regulators get the information they need.”

For more information, download a white paper at http://xbrl.us/research/documents/AvoidingErrorsWhitePaper.pdf outlining the kinds of common errors that have been identified, visit our web page at http://xbrl.us/csuite and view a demonstration of the XBRL Consistency Suite, http://xbrl.us/media/csuitedemoshort.wmv

XBRL US also conducts in-person training and online webinars geared to help companies increase the efficiencies in XBRL preparation and submission, including detailed footnote tagging. To learn more, visit http://xbrl.us/webinars for webinars and http://xbrl.us/training for training sessions.

About XBRL US

XBRL US is the non-profit consortium for XML business reporting standards in the United States and is a jurisdiction of XBRL International. It represents the business information supply chain, including accounting firms, software companies, financial databases, printers and government agencies. Its mission is to support the implementation of XML business reporting standards through the development of taxonomies for use by US public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through the collaboration of the business reporting supply chain. XBRL US has developed taxonomies for U.S. GAAP and mutual fund reporting under contract with the 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 with the goal of enabling faster XBRL adoption.

Links: www.xbrl.us

Source: XBRL US, Inc.

CONTACT: Michelle Savage, Vice President, Communication, XBRL US, Inc.,
+1-917-747-1714, michelle.savage@xbrl.us

- Topical, Complex Subject Made Easier to Understand for Financial Reporting and General Audiences

Clarity Systems, a leader in external reporting solutions, today announced the launch of the Clarity Systems Limited Edition SEC XBRL Mandate for Dummies guide. The book is designed to clearly and cleverly explain what can be a daunting topic: the requirements of the U.S. Securities and Exchange Commission’s phased-in mandate for filing SEC submissions in the XBRL format.

“By the middle of 2012, all domestic and foreign companies that are publicly traded in the United States must provide their SEC filings using the XBRL format, beginning with simple block tagging but progressing to more complex ‘detail’ tagging of financial information, including footnotes and schedules,” said Mark Nashman, President & CTO, Clarity Systems.

To assist external reporting professionals tasked with quickly and accurately assembling, tagging and filing their companies’ external reports, this excellent reference document explains the basics of XBRL and demystifies the specifics of the SEC’s mandate. Further, it reviews the various options for implementing XBRL tagging, including outsourcing to service providers; bolting on XBRL tagging engines and the deployment of an integrated XBRL solution. The guide ends with a comprehensive ‘checklist’ of features to look for in an integrated XBRL filing solution.

Copies of the book are available online by visiting http://www.claritysystems.com/secmandatefordummies or by request to rjordan(at)claritysystems.com. Attendees to Clarity System’s user conference, Vision:10 (http://www.claritysystems.com/vision) will also receive a free copy of the book.

About Clarity Systems

Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market organizations around the world improve their budgeting, planning, consolidations, scorecarding and management reporting processes, and also automates their external reporting processes to support the production of regulatory and statutory reports. Our unified applications help CFOs reduce risk while simultaneously improving operational efficiency. For more information, please visit our website at http://www.claritysystems.com or call us at 1-877-410-5070.

For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-647-242-1184, dpaolini@claritysystems.com

Source: Clarity Systems Limited

For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-647-242-1184, dpaolini@claritysystems.com

Sustainable economic development involves a diversity of contributions from all active players within the Romanian society and economy – social partners, business partners, professional associations, academic community and civil society.

Along this path, in October 2009, “XBRL Romania” was organized as a not-for-profit professional association with the aim to develop, implement and promote XBRL in the Romanian economy. On the 17^th of November 2009, the International Steering Committee of XBRL International, Inc. approved the Provisional Jurisdiction of “XBRL Romania”. The jurisdiction is now ready to launch its website and membership campaign. To find out how to join XBRL Romania immediately, send an email to xbrlro@xbrl.org (More details will be soon available at: http://www.xbrl.org/ro )

The first phase of development planned in Romania is a technical one, in which XBRL Romania will construct the web platform as well as the interface of this platform within the XBRL International web site. The association XBRL Romania is happy to announce that it has succeeded to attract the involvement of top experts in the information technology sector that have already started developing the platform.

In parallel with this, the next challenge is to create a coherent, effective and reliable corporate governance structure within the association, so that transparency and communication with the local membership is efficient and open. All relevant points of view, professional interests, commitments and needs of all interested parties are considered. The corporate governance structure will be designed so that it exclusively and effectively serves the overriding, ultimate goal of smoothly connecting and integrating the Romanian economic life into the larger, global economy and reporting enviroments.

About XBRL Romania

XBRL Romania is an open association that gives all interested parties, professional bodies (CECCAR, CAFR, CCF, AGER, UNPIR, UPRL, etc), regulators, governmental agencies, academics, private companies, banks, investment companies and individual professionals the opportunity to be involved as members and to encourage and offer support for the study, development, and application of XBRL in Romania and to promote the statutory acceptance of XBRL taxonomies while acting as the channel for international exchange and communication.

We hereby warmly invite all such interested parties to join our effort aimed at modernizing and upgrading the technological resources to facilitate the transparent circulation of financial and non-financial information in the Romanian economic life and at establishing a connection with international information exchanges, which reaches, in this way, a global dimension, by the usage of the Extended Business Reporting Language.  Send email of interest to xbrlro@xbrl.org (More details will be soon available at: http://www.xbrl.org/ro )

About XBRL

XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data, which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information and offers cost savings, greater efficiency, improved accuracy and reliability to all those involved in supplying or using financial data. XBRL offers major benefits at all stages of business reporting and analysis.  The benefits are seen in automation, cost saving, faster, more reliable and more accurate handling of data, improved analysis and in better quality of information and decision-making.  (http://www.xbrl.org/home/)

About XBRL International, Inc

XBRL International is a not-for-profit consortium of approximately 550 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. The consortium members meet periodically at the international conferences (see http://conference.xbrl.org/), conduct committee work regularly via conference calls, and communicate in email and phone calls throughout the week.

This collaborative effort began in 1998 and has produced a variety of specifications and taxonomies to support the goal of providing a standard, XML-based language for digitizing business reports in accordance with the rules of accounting in each country or with other reporting regimes such as banking regulation or performance benchmarking. You can read more about our history, the missions of the working groups that carry out much of the work of the organisation, and the elected steering committee that sets the goals of the consortium at http://www.xbrl.org/AboutTheOrganisation/.

Interested companies and agencies are encouraged to join the XBRL International consortium and participate in building the future of electronic business reporting.

Announced by:

Liana Elefterie
XBRL Romania
xbrlro@xbrl.org

There is an urgent need to prepare for the adoption of IFRS in Canada and to understand how the emerging corporate reporting landscape will be impacted by XBRL (eXtensible Business Reporting Language). The SEC in the U.S. has already enacted regulations that cover mandatory reporting in XBRL. In 2011 these SEC rules will have significant implications for Canadian companies as foreign filers using IFRS and the associated IFRS XBRL taxonomy.

This seminar focuses on the planning issues that are of concern to Canadian Oil and Gas companies in preparing for the adoption of IFRS and XBRL. It will address key questions such as;

    -   What are the implications of the current and emerging regulations on
        IFRS and XBRL in Canada and the U.S.?
    -   What has been the experience of other companies that have already
        adopted IFRS and XBRL in other parts of the world?
    -   How suitable is the current IFRS XBRL taxonomy for Oil and Gas
        companies and how could the taxonomy be impacted by IASB Extractive
        Activities project?
    -   What resources are available to help companies as they move to
        implement IFRS and XBRL?

Global experts in IFRS and XBRL will be speaking at the seminar. Solution providers will also demonstrate their products and will be available to discuss best practices.

Be sure to reserve this date. Further information will be available soon and registration will be provided through the XBRL Canada website at www.xbrl.ca.

XBRL Canada is supported and administered by the Canadian Institute of Chartered Accountants

For further information: XBRL Canada, Gerald Trites, Project Director, (416) 602-3931, Email: gtrites@xbrl.ca

The deadline to submit a comment letter or respond to the survey is March 19th, 2010.

The XBRL Standards Board (XSB), responsible for managing the technical development of the XBRL standard, has developed the Discussion Document to determine the technical goals of the Consortium over the next 5-10 years. The XSB is seeking feedback on its proposals to focus on three areas:

• Ease of use for developers
• Enabling information comparability around the world
• Simplifying the use of XBRL data for analysis systems.

The Discussion Document is the first step in the consortium’s development of a formal strategy which aims to expand on the existing, successful XBRL standard. The consortium is exploring ways to make it more accessible and more powerful while protecting existing investments made by a very broad range of users.

“XII is inviting this open dialogue with all our stakeholders as we gather feedback to evaluate the technical evolution of the XBRL standard over the next decade.” said Anthony Fragnito, CPA, CEO of XBRL International, Inc. “This important dialogue is being undertaken to ensure we continue the pace of XBRL adoption and meet the needs of the growing and diverse global marketplace using the XBRL standard.”

“We have reached an important point in the development of XBRL” commented John Turner, outgoing Chair of the XBRL Standards Board. “In part, XII now seeks to facilitate XBRL’s further adoption inside the enterprise, as well as within other areas of the private and public sectors that rely on business reporting of all kinds. We are very keen to obtain significant external input on our ideas.”

About XBRL International, Inc.

XBRL International is the global not-for-profit electronic business reporting consortium. It is comprised of more than 600 public and private sector organizations from more than 30 countries that collaborate to improve decision making across business and government by enhancing the way that performance information is defined, prepared, exchanged and analyzed. Specifically, XII is responsible for the ongoing development and maintenance of the Extensible Business Reporting Language and the promotion and support of its adoption.

Interested companies and agencies are encouraged to join the XBRL International consortium and participate in building the future of electronic business reporting. To learn more about these opportunities visit http://www.xbrl.org/abouttheorganisation.

Contacts

Recently, global leaders who met for the G20 Summit concluded that the global crisis demands global action which includes better regulation, stronger mandates and better coordination with standard setting bodies to provide improved transparency to rebuild trust in the world economy and prevent future economic crisis. To this end, both the conference speakers and track sessions will document the many ways XBRL, the global standard language for electronic reporting, is linking to these G20 objectives and also better connecting the public and private sectors of global finance & business reporting to provide enhanced transparency and better risk management. The Main Stage keynote speakers will also explore how XBRL, interactive data, reduces the reporting burden leading towards better regulation, disclosure and assurance.

More than 2/3 of the world’s market capitalization – trillions of dollars – is already being reported in XBRL format. Hundreds of XBRL initiatives are underway in more than a dozen countries that will benefit millions of companies as well as the users of their information: management, investors, analysts, regulators, lenders and more.

The governments of Argentina, Australia, Belgium, Canada, Chile, China, Denmark, France, Germany, India, Israel, Japan, Korea, Netherlands, Norway, Singapore, South Africa, Spain, Sweden, Thailand, United Kingdom and United States have regulatory mandates or voluntary filing programs for business reporting requiring XBRL.

Confirmed Keynote Speakers Include:

• Professor Luigi Spaventa, Professor Emeritus, University of Rome “La Sapienza”, Trustee of the International Accounting Standards Committee (IASC) Foundation, the oversight body of the IASB, Former Chairman, Commissione nazionale per le società e la borsa (Consob) and former Minister of the Budget (Italy).
• Mr. Carlo Comporti, Secretary General, The Committee of European Securities Regulators (CESR)
• Mr. Philip Johnson, Deputy President, Fédération des Experts Comptables Européens (FEE)

Business Executives and Finance Professionals will participate in unique workshops and forums to hear leading financial industry experts speak on:

• Advocacy
• IFRS
• Internal Reporting
• Finance track: Business Registries, Banking & Capital Markets
• XBRL Technologies
• XII Best Practices
• Tax projects
• Academia
• Tutorials & Solutions (Focus: XBRL Tool demonstrations)
• Assurance and Related Services on XBRL-Tagged Data

Who Should Attend and Why:

• CEOs, CFOs and Finance Professionals
• Investment Professionals and Analysts
• Regulators
• Software developers
• Accounting and audit professionals

Where: Sheraton Hotel & Conference Center in Rome, Italy located at Viale Del Pattinaggio, 100 · Rome 00144

For XBRL International Conference Information:
http://conference.xbrl.org/

Registration opened on February 2nd and those registering during the “early bird” period will receive a discount on admission to the conference, plus a complimentary ticket for Gala Dinner and Reception (limited seating).

For sponsorship information please go to:
http://conference.xbrl.org/sponsorship/sponsorship-at-a-glance

Presenters include David Taylor, Trintech’s Vice President of Strategy, and the XBRL experts Chethan Gorur of Trintech, and Mike Willis, Partner with PricewaterhouseCoopers.

“XBRL is affecting businesses in a very real way,” said Mr. Taylor. “It’s important for people to anticipate and understand the common mistakes made by filers in their first year of compliance. This webinar will do that, based upon trends we’ve seen in SEC filings over the last year. Additionally, attendees will learn how to embed XBRL into their overall financial close and reporting processes using a built-in approach that offers dramatic efficiencies over the other methods available.”

Mr. Gorur also currently serves as Chairman Designate, XBRL International Standards Board, while Mr. Willis is Chairman of XBRL International.

• What: Webinar – “Global XBRL Compliance: The ‘Built-In’ Approach to Drive Benefits”
• When: Thursday, February 25, 1:30 pm CST
• Presenters:
  • David Taylor (Vice President of Strategy, Trintech)
  • Chethan Gorur (Director of Interactive Data, Trintech and Chairman Designate, XBRL International Standards Board)
  • Mike Willis, CPA (Partner, PricewaterhouseCoopers and Chairman, XBRL International)
• Registration: Register online here

About PricewaterhouseCoopers

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

“PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

About Trintech Group

Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech’s recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802
Trintech UK Ltd. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0) 20 7628 5235
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel +353 1 293 9840
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474

Trintech Press Contact:

Dallas: Dave Tomlinson – Director, Marketing
Tel. +1 972 739-1611. Email: dave.tomlinson@trintech.com

About Ez-XBRL Solutions

Ez-XBRL Solutions provides products and full lifecycle services to corporations, financial printers and mutual funds to enable quick and accurate XBRL filings.

See http://www.ez-xbrl.com for more details.

“The next few months will represent a seismic shift in the financial reporting industry as the majority of U.S. public companies begin filing their corporate statements in extensible business reporting language (XBRL),” said Mike Rohan, former CEO and current Chairman of Rivet Software. “During his tenure as President, Patrick has increased operational efficiencies, cultivated a dramatic spike in brand awareness, and taken the company into profitability as of this last quarter, and we are confident that he will continue to establish Rivet Software as the dominant leader in XBRL reporting software as we move forward.”

The first phase of mandated XBRL filings to the SEC began for the 500 largest U.S. public companies in June 2009, with all large accelerated filers being required to begin using XBRL this June.  By June 2011, all remaining public companies will be required to conform to these standards, and companies that do not use XBRL to file these documents can be held criminally liable for failure to submit proper paperwork.

“Rivet Software is poised to capitalize on this increasing need for reliable XBRL solutions, and I am greatly looking forward to leading the company to further growth as the organization’s CEO,” said Quinlan.

As CEO, Quinlan will assist with the ongoing development of Rivet Software’s Crossfire Reporting Platform, a new tool available as a SaaS application that enables businesses to manage the compliance, control and communication of their financial information.

As a business executive with a proven track record of startup development, funding strategies, and capital investment success, Patrick Quinlan first came to Rivet Software as President in September of 2009.  His experience within the small and emerging business space quickly helped him build a reputation for managing effective sales teams, meeting revenue goals, and achieving peak performance.

Rivet Software is a leading supplier of XBRL-enabled financial reporting software to the Fortune 1000 and a trusted technology and service provider to the Securities and Exchange Commission (SEC).  The company has spent more than 100,000 development hours creating the most comprehensive XBRL reporting solution for public and private companies seeking greater financial transparency. Built by accountants for accountants, Rivet is the only software solution deployable across the enterprise that can offer the highest level of taxonomy required by the government.

About Rivet Software:

Comply. Control. Communicate.

Founded in 2002, Rivet Software (http://www.RivetSoftware.com) is headquartered in Englewood, CO, and is the developer of XBRL solutions for financial communications. A pioneer in the development of automated reporting platforms, Rivet’s software gives public and private companies the fiscal transparency needed to conduct business, account for revenue and expenses, audit activities and meet disclosure for the government and shareholders alike.  Leading the evolution of global financial communications, Rivet empowers business users with control over the collection, analysis and dissemination of business and financial information.

SOURCE Rivet Software

RELATED LINKS
http://www.rivetsoftware.com

The business community will now be able to access financial information of Singapore companies in an interactive and dynamic manner through Open Analytics to enhance their decision-making process.

Directors, management and shareholders can compare performance against peers to identify improvement opportunities. For banks, Open Analytics provides the financial information of the companies they extend credit to for regular credit risk assessments against the respective industries, particularly for small and medium entities. Entrepreneurs and investors can identify untapped niche areas and hidden gems in the Singapore corporate space. Analysts can use Open Analytics to monitor and analyse trend performance of companies or any specific industry sector.

Mr Phillip Overmyer, Chief Executive of the Singapore International Chamber of Commerce, commented, “I am impressed with how Open Analytics brought about a new perspective in analysing financial data. It is not about crunching the numbers anymore. Now we have key financial information presented in a most intuitive manner to support the process of making important business decisions.”

Open Analytics is the result of a pioneering public private partnership between ACRA and WHK Horwath, an Australian financial services firm, as part of ACRA’s Business Financials in XBRL (BizFinx) initiative. Open Analytics enables analysing large volumes of standardised financial data submitted in XBRL and using the dynamic business intelligence to benchmark companies’ performance.

Deputy Chief Executive of ACRA, Mr Ow Fook Chuen said: “When ACRA first introduced filing of financial statements in XBRL, it was aligned with our overall strategic direction of enabling a pro-enterprise financial reporting environment for businesses in Singapore. Now, the introduction of Open Analytics represents a shift from the focus of XBRL as a reporting language, to one which it is an enabler for a more effective and efficient dissemination mechanism to enhance financial information flow to the business community, both locally and internationally.”

For media enquiries, please contact:
Keeve Chan
Manager, Corporate Communications
DID: 6325 6738
Email: keeve_chan@acra.gov.sg
About ACRA

The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities and public accountants in Singapore. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession.
The mission of ACRA is to provide a responsive and trusted regulatory environment for businesses and public accountants. As at 31 December 2009, over 363,000 business entities and 897 public accountants practising in public accounting firms, accounting limited liability partnerships and accounting corporations are registered with ACRA.

For more information, please visit www.acra.gov.sg