A new XBRL US Working Group vering the nstruction,Energy and Transportation (CET)industries,is working on the untapped potential for XBRL’s use in the private sector.The working group will spearhead the extension of the US GAAP Taxonomy to ver the processing of surety bonds,which provide financial guarantees to a project’s owner that a nstruction firm will mplete ntracted building works.

These important and specialized insurance ntracts require an assessment of the financial health of hundreds of thousands of firms.The processing of these instruments is critical,mplex and as of now mpletely manual.

The use of XBRL to rce sts,increase transparency and level the playing field for SMEs –in a mpletely private industry –is a great way to simplify and enhance this important process.It is no doubt the first of many similar initiatives worldwide.

中文新闻：XBRL美国地区组织成立CET工作小组