XBRL US has released a new version of XBRL Consistency Suite, a set of online tools that help public companies identify inconsistencies in XBRL documents related to the use of the US GAAP Taxonomy. The new version has improved functionality and includes 60% more checks that now cover detailed footnote tagging in addition to the face financials. The new release also allows public companies to compare the 2009 Release of the XBRL US GAAP Taxonomy to the 2011 FASB Pre-Release.

XBRL US also announced that it will host a free webinar on Wednesday, July 28th at 3:00 p.m. ET for public company preparers on how to avoid common errors in XBRL creation, with a demo of XBRL Consistency Suite. Register at http://xbrl.us/avoiderrors.

Read the press release: http://xbrl.us/News/Pages/20100727.aspx

The Financial Accounting Standards Board (FASB) has pre-released the 2011 US GAAP Financial Reporting Taxonomy. An updated taxonomy will be released in September 2010, starting the official 60-day public comment period. FASB is making the pre-release available to provide SEC filers, service providers, and other interested parties with an opportunity to become familiar with and incorporate new element names (i.e., post-2009 US GAAP taxonomies) as company extension element names for current filings and to solicit filer feedback early.

Visit http://www.fasb.org for further details.

XBRL US will hold its annual conference, The Path to Transparency, on November 9-10, 2010 in Philadelphia, PA at the Pennsylvania Convention Center. The program will focus on how the use of XBRL can lead to greater transparency with an emphasis on real-world implementation such as XBRL for US GAAP reporting. Development programs underway including XBRL for corporate actions and proxy and other areas in securities processing will also be key topics. Terri Polley, President of the Financial Accounting Foundation (FAF) and Donna Roy, Director, Enterprise Data Management Office, Executive Director, National Information Exchange Model (NIEM), will provide keynote addresses.

Registration for the conference is now open at http://register.xbrl.us.

Learn more about the conference: http://conference.xbrl.us

Read the conference news release : http://xbrl.us/News/Pages/20100712.aspx

In the over 2,000 XBRL submissions to date, thousands of inconsistencies or errors have been identified related to the use of the US GAAP Taxonomy. These errors include incorrect signs, missing concepts, and concepts used incorrectly. XBRL US will host a free webinar on July 28 for public company preparers. They will learn how to check their XBRL documents for errors and learn about current industry practice. Experts from United Technologies and Ernst & Young will explain how they conduct peer analysis and how auditors review XBRL documents.

Register for webinar on July 28 at 3:00 p.m. ET: http://xbrl.us/avoiderrors

Save the date for XBRL Essentials, SEC Filer Training Workshops. Upcoming workshops will be conducted on September 16 in San Francisco, and November 8 in Philadelphia preceding the XBRL US National Conference. These one-day, in-person sessions will be taught by seasoned XBRL professionals intimately familiar with the XBRL US GAAP Taxonomy. The program will give financial managers the tools they need to understand the taxonomy, create XBRL-formatted financial statements, do block tagging and detailed tagging of footnotes.

Upcoming Schedule:

• Thursday, September 16 - San Francisco
• Monday, November 8 - Philadelphia

XBRL US continues its ongoing series of free live webinars designed to help companies implement XBRL reporting. The program includes key steps, decisions and considerations for implementing XBRL, an overview of the SEC rule that requires XBRL for public company reporting, how to use a taxonomy, how to create XBRL-formatted financial statements and lessons learned from SEC filings submitted to date. The next webinar will be held on August 18, 2010 at 3:00 PM.

Register for upcoming webinars: http://xbrl.us/webinars

The next issue of XBRLglobal, a new educational print magazine created to support the accelerating global adoption of XBRL as a standard business reporting language, will be published in August. The quarterly journal will publish academic papers on XBRL, business reporting technologies and open standards with the goal of increasing knowledge of XBRL and the pace of adoption among the private sector, government and the academic world. XBRLglobal is a joint effort of XBRL US and the Publisher, Carveout HM Ltd. Complimentary subscriptions are available to qualified industry professionals in the accounting, financial services, technology, and information publishing sectors.

View a sample and sign up for a free subscription: http://xbrl.us/XBRLglobal