NEWS RELEASE 08/31/10

2011 U.S. GAAP Financial Reporting Taxonomy Now Available for Public Review and ment

Norwalk, CT, August 31, 2010—The Financial Aounting Foundation (FAF) today announced the availability of the proposed 2011 U.S. GAAP Financial Reporting Taxonomy for public review and ment. The FAF is responsible for the ongoing maintenance of the taxonomy applicable to public issuers registered with the U.S. Securities and Exchange mission (SEC). The deadline to submit written ments is October 30, 2010.

The proposed 2011 U.S. GAAP Financial Reporting Taxonomy ntains updates for aounting standards and other remended improvements to the official taxonomy currently in use by SEC issuers. The 60-day ment period is intended to solicit feedback on these updates from users of the taxonomy and to provide SEC filers, service providers, software vendors, and other interested parties the opportunity to bee familiar with and inrporate new element names for current filings.

The final version of the 2011 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2011.

The plete proposed U.S. GAAP 2011 taxonomy and instructions on how to submit ments are available here.

Questions about using this taxonomy for creating and submitting eXtensible Business Reporting Language (XBRL) tagged interactive data files in pliance with SEC rules should be directed to the SEC. SEC ntact details and guidance are available at the SEC’s portal on XBRL.

The U.S. GAAP Financial Reporting Taxonomy is a list of puter-readable tags in XBRL that allows panies to tag precisely the thousands of pieces of financial data that are included in typical long-form financial statements and related footnote disclosures. The tags allow puters to automatically search for, assemble, and process data so it can be readily aessed and analyzed by investors, analysts, journalists, and regulators.

The 2009 taxonomy currently in use by SEC issuers was developed by XBRL US, Inc., an independent non-profit anization with research, development, and cation programs facilitating the widespread adoption of XBRL in the United States for tagging business reports across all business domains to aid investors and other users. The Financial Aounting Standards Board (FASB) staff provided technical aounting standards support to XBRL US, Inc. during the development of the 2009 taxonomy. In early 2010, the FAF assumed maintenance responsibilities for the taxonomy, and, along with the FASB, assembled a team of technical staff dedicated to updating the taxonomy for changes in U.S. GAAP, identifying best practices in taxonomy extensions, and technical enhancements.


About the Financial Aounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Aounting Standards Board and its unterpart for state and local ernment, the ernmental Aounting Standards Board. The FAF also is responsible for selecting the members of both Boards and their respective Advisory uncils.

About the Financial Aounting Standards Board

Since 1973, the US Financial Aounting Standards Board has been the designated anization in the private sector for establishing standards of financial aounting and reporting. Those standards ern the preparation of financial reports and are officially regnized as authoritative by the Securities and Exchange mission and the American Institute of Certified Public Aountants. Such standards are essential to the efficient functioning of the enomy because investors, creditors, auditors and others rely on credible, transparent and parable financial information. For more information about the FASB, visit its Web at .