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WASHINGTON, Sept. 9 /PRNewswire/ -- XBRL US, the XML standard setter for business information reporting, announced today that its Chief Standards Officer, Campbell Pryde, will present at the NIEM (National Information Exchange Model), National Training Event in Baltimore, Maryland on September 30, 2009, which will focus on guidance, resources and tools to aid in the exchange of information for ernment reporting.
NIEM is the XML-based information exchange framework for U.S. ernment agencies and anizations, and XBRL US is the XML standard setter for business information reporting in the U.S. NIEM and XBRL are open, free standards with significant adoption momentum and proven applications. The two anizations also announced an initiative to investigate how to leverage the strengths of both standards towards better ernment reporting. Representatives from NIEM spoke at the XBRL US Board of Directors meeting on August 25, 2009 to discuss the ic of closer harmonization of the mplementary standards.
NIEM focuses on standardizing transaction exchanges of non-financial elements used across all levels of ernment. XBRL US’ digital dictionary ntains elements for financial data reporting that are currently used by U.S. public mpanies to report US GAAP financial statements. Leveraging the strengths of both standards is expected to result in greater transparency, auracy and nsistency in ernment reporting.
“XBRL has suessfully provided the technology infrastructure for data standards like US GAAP and is starting work to inrporate the ISO 20022 standard for rporate actions announcements. Working with the aepted NIEM ernment information exchange standard is a logical extension of that model,” said Campbell Pryde, XBRL US, “I look forward to a mutual exchange of information with NIEM members at the training event and going forward.”
NIEM was established by the U.S. Departments of Justice and Homeland Security in llaboration with anizations across all levels of ernment to effectively and efficiently share critical information at key decision points throughout the justice, public safety, emergency and disaster management, intelligence and homeland security enterprise. NIEM is designed to develop, disseminate, and support enterprise-wide information exchange standards and processes to enable jurisdictions to automate information sharing.
“NIEM helps ernment agencies nnect and speak the same language ncerning non-financial, business information. XBRL provides not only the financial statement standard, but also the technology infrastructure to optimize transport and increase the auracy of the information. We look forward to Campbell bringing that message to our members so that we can begin a real dialogue between the two anizations,” said Donna Roy, Executive Director, NIEM.
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