XBRL-US to become independent organization; SEC to fund U.S. financial reporting taxonomy development.

XBRL-US will become an independent, not-for-profit organization early next year. Initially formed as a volunteer committee of the AICPA, the new entity will continue as the chartered U.S. jurisdiction of XBRL International, Inc., and as a member supported entity.

As a self-sustaining entity, XBRL US, Inc. will continue to fulfill two goals:

* To support the implementation of eXtensible Business Reporting Language in the United States through the development of taxonomies for use by both the public and private sectors.

* To promote adoption of XBRL through conferences, pilot programs, educational materials and events.

In a related development, the...