The SEC's XBRL Mandate: A Guide to the New World of Interactive Data and Financial Reporting

On May 14, 2008, the SEC announced a plan for the biggest change to financial reporting since the Sarbanes-Oxley Act in 2002. Starting in early 2009, the 500 largest public companies in the United States must submit financial reports using eXtensible Business Reporting Language (XBRL), with all remaining public companies submitting in either 2010 or 2011. This surprisingly aggressive timeline means all public companies need to act quickly to tag their financial data from among the 15,000 available terms in the XBRL taxonomy of US GAAP. Attend this webcast to hear how XBRL impacts you and how to submit XBRL reports while simultaneously reducing the risk of late filing and the overall costs of compliance.

This webcast will feature:

• Jon Scott, BearingPoint, a Senior Manager in BearingPoint's World Class Finance Consulting Practice and an expert in XBRL. Mr. Scott specializes in the financial close, consolidation and reporting cycle including integration of XBRL reporting capabilities. Mr. Scott will discuss the XBRL announcement and the challenges companies will face with this aggressive implementation timeline.
• Mark Nashman, Clarity Systems, who will present an XBRL solution that not only tags but also automates the whole external reporting process to deliver output in multiple formats including XBRL, PDF and MS-Word.

All registrants will receive a copy of the white paper: "SEC Filings, XBRL and Annual Reports: The Business Case for Automated External Reporting."