Tuesday, July 22, 2003

XBRL Gears Up for Next Step with PR Maven at Helm
PR Newswire, a business and financial news distribution service, has become a member of XBRL-U.S., which is hosted by the AICPA, and taken on a leading role to gain widespread adoption of the new financial-reporting standard.

XBRL, which digitizes financial information to make it readable across the Internet globally, is quickly moving from the research-and-development stage to the implementation stage. So PR Newswire's involvement could be exactly what's needed at this time. PR Newswire staffer Michelle Horowitz, who has a background in working internationally and with technology companies, becomes the chairperson of the Adoption Committee. She succeeds Paul Penler of Ernst & Young, whose term expired, but who remains active in the XBRL movement.
More... XBRL, PR Newswire