Reason Foundation’s nonpartisan public policy research promotes choice, competition, and a dynamic market economy as the foundation for human dignity and progress. Reason produces rigorous, peer-reviewed research and directly engages the policy process, seeking strategies that emphasize cooperation, flexibility, local knowledge, transparency, accountability, and results. Through practical and innovative approaches to complex problems, Reason seeks […more]
The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on November 4, 2019 which addressed “Structured Disclosures by Municipal Issuers” featuring speakers from Municipal Securities Rulemaking Board (MSRB), Will County, IL, Municipal Market Analytics, XBRL US, and the Securities and Exchange Commission. Marc Joffe and Spencer Purnell of XBRL US […more]
Marc Joffe, Senior Research Analyst at the Reason Foundation, and Chair, XBRL US State & Local Government Working Group, authored an article published by the Sunlight Foundation, where he noted: “In May, the California State Senate passed SB 598, the Open Financial Statements Act. The vote was an important milestone on the way toward opening up […more]
The VIRGINIA LOCALITIES FISCAL PERFORMANCE REPORT – JANUARY 2019 analyzes the fiscal health of Virginia municipalities and recommends that CAFRs be produced using financial data standards such as Inline XBRL. This report was prepared by XBRL US members, Yossef Newman, Professor of Business and Accounting at Touro College, Marc Joffe, Senior Policy Analyst at Reason […more]
On October 5, Marc Joffe of the Reason Foundation published an article on Financial Reporting Standards Can Foster Municipal Market Disruption in the Financial Revolutionist. Below is an excerpt from the article: “While fintech start-ups are disrupting many financial markets, the US municipal bond market has been largely left behind. As a result, the $3.9-trillion muni […more]
On August 17, Marc Joffe of the Reason Foundation published an article on Making Government Documents Searchable and Machine-Readable to Improve Transparency and Accountability which states: “In Florida, and nationally, Reason Foundation is working to improve the accounting transparency of state and local governments by seeking the mandatory disclosure of government financial documents in a machine-readable […more]
XBRL US State and Local Disclosure Modernization Working Group formed to use standards to improve government financial transparency, enhance the efficiency of the municipal bond market, and aid efforts to streamline regulatory reporting, including grant reporting.
XBRL US State and Local Disclosure Modernization Working Group formed to use standards to improve government financial transparency, enhance the efficiency of the municipal bond market, and aid efforts to streamline regulatory reporting, including grant reporting.
This XBRL US working group seeks to address standards related to state and local government annual financial reports by designing schemas and XBRL implementation(s) for open data reporting of state and local government actual financial results.
The national consortium for
the business reporting standard
