UBmatrix's Charlie Hoffman Receives AICPA Award for
Pioneering Role in Development of XBRL
Known as the "Father of XBRL", American Institute
of Certified Professional Accountants bestows honor
upon Mr. Hoffman
Washington, D.C. - December 13, 2006 - UBmatrix™, a
leading provider of software and services leveraging
the global XBRL standard, today announced that UBmatrix
Director of Industry Solutions – Financial Reporting,
Charlie Hoffman was presented this week with the American
Institute of Certified Professional Accountants' (AICPA)
Special Recognition Award for his pioneering role in
the development of eXtensible Business Reporting Language
(XBRL). Hoffman, commonly credited with being the "Father
of XBRL" is a member of the AICPA and author of the
books "XBRL Essentials", a non-technical guide to XBRL
and "Financial Reporting Using XBRL: IFRS and US
GAAP Edition", a comprehensive guide to using XBRL
in financial reporting (ordering information below.)
"Charlie has lived and breathed XBRL since the late
1990s and truly deserves this recognition," commented
Sunir Kapoor, UBmatrix President and CEO. "The endorsement
the AICPA award represents is noteworthy, both in terms
of Charlie's efforts, and to XBRL as a game-changing
technology. The accounting profession – indeed business
reporting in general – will never be the same."
During his acceptance speech, Mr. Hoffman quickly gave
credit to the many others whose work was critical to
the current success of XBRL. "People call me ‘the father
of XBRL', but I like to refer to myself as the guy who
did the obvious. I was in the right place at the right
time, with the right set of skills." He thanked many
individuals by name as well as the support received
from UBmatrix and investors in the XBRL technology market
that have made commercialization of XBRL technology
possible.
Mr. Hoffman was co-editor of the first XBRL taxonomy
and a significant contributor to the XBRL 2.1 specification.
He has continued to play a major role in crafting the
taxonomy for financial reporting under International
Financial Reporting Standards (IFRS-GP). He also continues
to lead the path forward as a member of the XBRL International
Specification and Domain working groups, as co-author
of the "Financial Reporting Taxonomies Architecture" (FRTA)
1.0 specification and the "Financial Reporting
Instance Standards".
About XBRL
XBRL stands for "Extensible Business Reporting
Language". XBRL is an international standard created
by XBRL International, a consortium with hundreds of
members worldwide, representing public and private companies,
governmental and regulatory agencies. UBmatrix is
a founding member of the organization and continues
to provide technical, academic and organizational
leadership. See www.xbrl.org for additional information.
About UBmatrix
UBmatrix, Inc. is the leading provider of XBRL-based
information exchange solutions for global organizations
and enterprises allowing them to more efficiently
and effectively address the challenges of business
and financial information management, exchange and
reporting. XBRL is fast becoming the standard for
financial information exchange and reporting demonstrated
by the XBRL programs being driven by the SEC, FDIC
and the European Central Banks. UBmatrix XBRL solutions
increase operational efficiency and financial transparency,
and ensure reporting accuracy and regulatory compliance.
UBmatrix is based in Silicon Valley with development
centers in Kirkland, WA, and New Delhi, India. For
further information, visit www.ubmatrix.com
UBmatrix and xBReeze are trademarks of UBmatrix, Inc.
US Patent No 6,947,947 B2 and other patents pending.
Any third-party trademarks and patents are the property
of their respective owners.
Ordering information for books written by Charles Hoffman:
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