The new board will lead the consortium in advancing XBRL, a global XML standard for business reporting, in the U.S. public and private sectors.

Over the last year, the organization brought together key market stakeholders under a contract with the Securities and Exchange Commission to develop and test a U.S. GAAP taxonomy for financial disclosures, led by an interim board comprised of Barry Melancon, president and CEO, AICPA, Greg Hayes, vice president, United Technologies Corporation and Al Berkeley, Chairman and CEO of Pipeline Trading.

A beta release of the new XBRL U.S. GAAP Taxonomies is available for public review and comment at http://usgaap.xbrl.us/.

"This is yet another big step for our consortium. This board brings significant knowledge, influence and commitment to the business reporting standards movement," said Mark Bolgiano, XBRL U.S. President and CEO. "Good governance is critically important to setting good standards, and this leadership and support comes at a critical stage as we expand our membership and move XBRL into the mainstream."

The members announced are:
  -- Al Berkeley, Chairman and CEO, Pipeline Trading Systems
  -- Jeff Diermeier, President and CEO, CFA Institute
  -- Taylor Hawes, Controller, Global Platforms and Operations, Microsoft
  -- Randy Fletchall, Vice Chair - AABS Professional Practice & Risk Management, Ernst & Young LLP
  -- Sunir Kapoor, President and CEO, UBmatrix
  -- Robert Kueppers, Deputy CEO, Deloitte
  -- Barry Melancon, President and CEO, AICPA
  -- Phil Moyer, CEO and President, Edgar Online
  -- Mike Starr, Chief Operating Officer, Grant Thornton International
  -- Sam Ranzilla, Partner-in-Charge, Professional Practice, KPMG
  -- Dave Sharpe, Partner, National Professional Services Group, PricewaterhouseCoopers
  -- Peter Wallison, Senior Fellow and Arthur F. Burns Chair in Financial Policy Studies, American Enterprise Institute