Berkeley is chairman of Pipeline Financial Systems LLC. Prior to joining Pipeline Financial Trading, he was president and then vice chair of NASDAQ Stock Market. Berkeley also served on the XBRL U.S. interim board in 2007.

"Al's expertise in the financial markets will be a significant factor in helping to move XBRL adoption forward," said Barry Melancon, president and CEO of the American Institute of Certified Public Accountants. "The consortium is poised to complete the XBRL U.S. GAAP Taxonomies now in public review and will continue to focus on the capital markets and building support for public company use of XBRL."

XBRL U.S. has issued a second draft release of the XBRL U.S. taxonomies for U.S. GAAP and common reporting practices, which were developed under a contract with the Securities and Exchange Commission. The XBRL U.S. GAAP Taxonomies were first published for public review in December 2007. This second release incorporates comments received through Jan. 18, 2008.

"During the past year, XBRL US focused on development of the US GAAP Taxonomies to ensure the best possible product," said Berkeley. "In 2008, we'll continue working to improve the taxonomies by bringing in more technical expertise and we'll engage a broader spectrum of market participants to set the stage for faster adoption of the standard. I am pleased to be named chair at such a critical time in the development of XBRL in the public company marketplace."