The digital reporting standard for business and government
The non-profit community improving U. S. reporting through a free, open standard
The non-profit community improving U. S. reporting through a free, open standard
This 1½ day workshop on July 29 and 30 in New York City will address the implications of the Financial Data Transparency Act (FDTA) for stakeholders: governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators.
The standardization of regulatory requirements called for in the FDTA is of critical importance to us all. Why? As regulators consider implementation of the FDTA, and as stakeholders respond to the cross-agency rule proposal that we expect to see any day now, it is important to keep in mind what constitutes success: Better Data. Reduced Cost. Flexibility.
Implementing the right data standard, as called for in the FDTA, will enable economies of scale, reduce the cost of reporting, data collection and analysis, and generate good quality, actionable data for policy-setters, regulators, and the public, including investors, and researchers.
To meet the goals of climate initiatives worldwide requires governments to understand the impact of industry on the environment. This can only be accomplished through standardized, digital data that is concretely understood, timely, and consistently prepared to foster a shared understanding of the current state of climate risk and to monitor changes going forward.
Public company accountants, financial service professionals, data providers, technologists, federal regulators and a growing number of industry groups view XBRL as an important component of transparency in the markets. These organizations support the business reporting standard by collaborating on XBRL US initiatives with other like-minded organizations and individuals. Learn about membership options for individuals and organizations and get started today.
The national consortium for
the business reporting standard