An International Meeting of
the American Accounting Association

2005 Annual Meeting

August 7–10, 2005
San Francisco, California

Come to the City by the Bay!

CPE Session 28: Sunday, August 7, 1:00 PM – 4:00 PM

Models for Enhanced Business Reporting
(The EBRM Consortium)

Description/Objectives:
The Enhanced Business Reporting Consortium ("EBRC") was recently formed as an international not-for-profit organization of stakeholders in the business reporting supply chain seeking to improve transparency in business reporting. The AICPA's Special Committee on the Enhanced Business Reporting (SCEBR) laid the foundation for this consortium and developed a series of sample reporting models to help prime the thinking of the Consortium regarding the future direction of business reporting. This workshop goes over these models with particular emphasis of the extreme accounting model (Galileo). The workshop will:

1. Position the SCEBR vis-à-vis the Trueblood and Jenkins committees as well as establish the framework for EBR development
2. Describe the EBRC
3. Describe the Lintun and KNZ-AG models
4. Describe the Galileo Model
   1. Framework
   2. Technology
   3. Information
   4. Galileo-GAAP
5. Conclusions

Format/Structure:

1. Position the Starr Committee vis-à-vis the Trueblood and Jenkins committees as well as establish the framework for EBRm development
2. Describe the status of the EBRM and the consortium (Pawlicki)
3. Describe the Lintun, KNZ-AG and eXchange models (Herring)
4. Describe the Galileo Model
   1. Framework (Vasarhelyi)
   2. Technology (Hoitash)
   3. Information (Alles)
   4. Galileo-GAAP (Vasarhleyi)
5. Conclusions

Intended Audience:
Given its broad focus, the workshop is useful for accounting faculty with an interest in the evolution of the financial reporting and assurance model. The discussion is not technical, and no prior knowledge of this area is necessary. Also, the workshop will be of value to accounting practitioners, who wish to think about the emerging issues in business measurement and assurance.

Presenters:
Miklos A. Vasarhelyi, Rutgers University
Paul Herring, American Institute of Certified Public Accountants
Amy Pawlicki, American Institute of Certified Public Accountants
Rani Hoitash, Suffolk College
Michael Alles, Rutgers Business School

Sponsor:
Artificial Intelligence/Emerging Technologies Section

* Denotes special requirements or prerequisite