XBRL US named Alfred R. Berkeley as the new chairman who will lead the board in 2008.

Berkeley is currently chairman of Pipeline Financial Systems. Before joining Pipeline, he was president and then vice chair of Nasdaq. He succeeds Barry Melancon, president and CEO of the American Institute of CPAs, who served as chairman of XBRL US in 2007 and will serve as vice chair in 2008.

"Al's expertise in the financial markets will be a significant factor in helping to move XBRL adoption forward," said Melancon in a statement. "The consortium is poised to complete the XBRL US 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 US has issued a second draft release of the taxonomies for generally accepted accounting principles and common reporting practices, which were developed under a contract with the Securities and Exchange Commission. The taxonomies were first published for public review on Dec. 5, 2007.

The second release incorporates comments received through Jan. 18, 2008. A second draft of the Preparers Guide incorporating comments received through Jan. 21, 2008, has also been posted, and one more working draft of the guide will be posted during the last month of the public review. The taxonomies and Preparers Guide are currently available for ongoing public comment at http://usgaap.xbrl.us.

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