Webinar - XBRL Canada progress update

February 7, 2012 at Noon Eastern Time

TORONTO, Jan. 30, 2012 /CNW/ - XBRL Canada is holding a webinar on Tuesday, February 7, 2012 at Noon Eastern Time to discuss key milestones involving XBRL in Canada, including highlights from the most recent XBRL International Conference in Montreal.

Don't miss this important update, register here today.

These issues are of particular importance to Canadians in the coming year, and include:

1. Proposals by XBRL Canada and the CICA for a widespread adoption of XBRL by the Canadian Government (referred to as Standard Business Reporting. XBRL Canada and the CICA have put forward a roadmap for adoption of SBR in key steps as outlined in the image above
2. Status of the IFRS Taxonomy with the SEC. Canadian inter-listed companies, now using IFRS (International Financial Reporting Standards) are required to file in XBRL with the SEC. But the SEC has not yet approved the IFRS Taxonomy. What are the companies to do?
3. Some key Canadian companies/organizations have adopted XBRL or are considering it. What have they done and how?
4. There is a wave of XBRL adoption around the world. What are the implications of this remarkable trend for Canada?

XBRL Canada is supported and administered by the Canadian Institute of Chartered Accountants.

Image with caption: "Roadmap for widespread adoption of XBRL to implement Standard Business Reporting within Canada. (CNW Group/XBRL Canada)". Image available at: http://photos.newswire.ca/images/download/20120130_C7693_PHOTO_EN_9400.jpg

XBRL Canada, Gerald Trites, Project Director, [phone], Email: [email protected]