Louis Matherne is leaving his role as the director of the American Institute of CPAs' Extensible Business Reporting Language program. Matherne has accepted a position with the Information Systems Audit and Control Association and the IT Governance Institute , effective April 10.
Matherne joined the AICPA in 1994 as director of business assurance and advisory services before being named XBRL director. The AICPA said that a search for his successor has already begun.
Matherne will join ISACA/ITGI to concentrate on helping enterprises and IT governance professionals ensure that technology's value is maximized by aligning it to a business' functions in a measurable way. ISACA created the governance institute in 1998.
"XBRL was created through the AICPA and is transforming business reporting," said AICPA president and chief executive Barry Melancon, in a statement. "As representative of the institute's interests, Louis has played a significant role in XBRL's acceptance around the world. The AICPA remains committed to working toward its widespread adoption."
The AICPA formally announced the XBRL initiative in 1999, and the international XBRL consortium has grown to include approximately 400 member organizations, including one of the technology's biggest boosters, the Securities and Exchange Commission.
XBRL is a technology that tags financial information through disparate applications and carries it through the business reporting chain, can lower costs and provide enhanced analytical capabilities for users, preparers and consumers of financial statements.
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