AICPA Offers Seminar in New York on 'Emerging Issue' XBRL

Expert Technical Instructors Detail New SEC Rule
NEW YORK--(Business Wire)--
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.

"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," Thomas said.

The objective of this 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. Participants will have direct access to
subject matter experts on tagging financial statements in XBRL and
will walk away with a clear understanding of the following:

-- How to tag financial statements in XBRL

-- The ability to navigate the U.S. GAAP Taxonomies

-- An awareness of XBRL tools and their function

-- Hands-on experience with tagging and viewing XBRL documents
utilizing the Rivet Software tools (with on-site
representatives)

Register today to take advantage of the early bird and AICPA
member discounts for this unique workshop opportunity.

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. The workshop will be
taught by expert instructors:

Mary E. Phillips teaches accounting at Middle Tennessee State
University in Murfreesboro, Tenn., and has 17 years experience
teaching at the university level. Prior to teaching accounting, she
worked in public accounting and in industry. She has a Ph.D. in
Business Administration (accounting concentration) from the University
of Kentucky, and an MBA from Middle Tennessee State University.

Christy Rohrs, CPA, is director of professional services for Rivet
Software in Denver, Colorado. Christy leads educational and
professional services for Rivet's customers participating in the SEC
Voluntary Filing Program, and oversees the creation of XBRL financial
statements for submission to the SEC. Christy manages the Rivet
Software contract with the SEC for developing and implementing the
XBRL Interactive Viewer for corporate finance and the Mutual Fund
Viewer on the SEC Web site.

Clinton E. White, Jr. (Skip) has a DBA from Indiana University
(1981), and an MBA from the University of Louisville (1975). Skip is
the area head of MIS in the Department of Accounting & MIS at the
University of Delaware, and the author of The Accountant's Guide to
XBRL and The Guide & Workbook for Understanding XBRL.

Greg Zegarowski is president of Financial Leadership Corporation,
Lafayette, Calif. Prior to founding Financial Leadership, Greg
Zegarowski practiced as a CPA with Deloitte & Touche and was an audit
partner with a regional CPA firm. He has served as the CFO of an
international medical equipment company and as a corporate finance and
compliance consultant to numerous companies.

About XBRL

XBRL (eXtensible Business Reporting Language) is a language for
the communication and processing of business information and is part
of a larger migration to the Internet by capital market participants.

About the AICPA

The American Institute of Certified Public Accountants
(www.aicpa.org) is the national, professional association of CPAs,
with more than 350,000 CPA members in business and industry, public
practice, government, education, student affiliates, and international
associates. It sets ethical standards for the profession and U.S.
auditing standards for audits of private companies, non-profit
organizations, federal, state and local governments. It develops and
grades the Uniform CPA Examination.

The AICPA maintains offices in New York, Washington, Durham, N.C.,
Ewing, N.J., and Lewisville, TX. Media representatives are invited to
visit the AICPA Online Media Center at www.aicpa.org/mediacenter.

American Institute of Certified Public Accountants
William Roberts
Director - Media Relations
202-434-9266
wroberts@aicpa.org

Copyright Business Wire 2008