XBRL US was given an opportunity to present an XBRL Grants Case Study at the CFO Council Grants Community of Practice Innovation Exchange. During the program, hosted by the Office of Management and Budget, the XBRL US Standard Government Reporting Working Group, shared a case study on how grants reporting, including Single Audit, can be […more]
XBRL US provided feedback to the Request for Information on Behalf of the Chief Data Officers (CDO) Council, which was published by the Office of Shared Solutions and Performance Improvement (OSSPI). The CDO Council has 5 statutory purposes: 1) establish Governmentwide best practice for the use, protection, dissemination, and generation of data; 2) promote and […more]
XBRL US responded to the Environmental Protection Agency Request for Comment on their Strategic Plan 2022-2026. Recommendations made by XBRL US centered on the third of the EPA key principles, “follow the science, follow the law, and be transparent“. The EPA collects a vast amount of data in its work to support seven strategic goals. As […more]
On October 25, the U.S. House of Representatives passed the Financial Transparency Act (FTA – H.R. 2989) by a vote of 400-19. Big thanks goes to the Data Coalition and many of our members who worked tirelessly to move this legislation forward. This is an important bill that has broad implications for expanding structured data […more]
On September 24, 2021, President Biden signed the Congressional Budget Justification Transparency Act of 2021 which requires federal agencies to publicly post budget justification materials on a website. These materials are funding requests submitted to Congress that outline the funds needed to meet program goals, and include detailed financial (funding) information and textual justification information. […more]
January, 2022 XBRL US commented on FERC data collection of Forms 6 and 6-Q. Both forms are now required to be reported in XBRL format which renders the data machine-readable, improving the ability of the Commission to perform audits and reviews, and conduct research. It also enhances the usefulness of the data for the public […more]
December, 2021 2022 promises to be an exciting year for the XBRL community with new structured data programs coming online from U.S. based public utilities reporting to the Federal Energy Regulatory Commission (FERC), European and UK companies filing through the European Securities Markets Authority (ESMA), and local Florida government entities reporting in XBRL to the […more]
November, 2021 SEC Commissioner Caroline A. Crenshaw addressed “The Lessons of Structured Data” in her speech at the November 10 XBRL US Investor Forum: Data that Delivers, noting “…XBRL requirements [have] allowed EDGAR to provide machine-readable data that have improved transparency in a number of ways… XBRL has enabled automatic processing and analysis by software […more]
October, 2021 New speakers added to the XBRL US Investor Forum: Data that Delivers. Experts from William Blair Investment Management, Sustainability Accounting Standards Board (SASB), Moody’s Investor Service, and more have joined the speaker lineup at this year’s half-day forum. Keynote speakers at the 2021 event include SEC Commissioner Caroline A. Crenshaw, and Leslie Seidman, […more]
The Federal Government and individual agencies are rapidly recognizing the value of structured data. Recent legislation and regulatory actions show the increasing call to treat data as a strategic asset and embrace standardization to safeguard decision-useful data. Congressional Budget Justification Transparency Act of 2021 Signed by President – Requires Agencies to Post Budget Materials in […more]
The national consortium for
the business reporting standard
