Consortium to Launch Web Business Reporting Standard
American Banker (08/28/00) Vol. 104, No. 34 p.13; Power, Carol, the year-old consortium spearheaded by AICPA, is developing a standard for preparing and exchanging business reports and financial data online. With representatives from 55 companies across the globe, the group hopes to have 100 international members by the end of the year. By that time, the group anticipates that it will have made a formal launch of its standard, XML, in Canada, Germany, Hong Kong, Singapore, Malaysia, the United Kingdom, Australia, New Zealand, and Taiwan. The initial goal of is to offer the new XML framework for businesses to create, exchange, and analyze financial reporting information.

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