Federal, state and local governments collect and report vast amounts of data. The public, watchdog groups, businesses and government agencies rely on this data to set policy, make business decisions, identify fraud and evaluate activities. Most U.S. government programs today have not yet implemented data standards which would significantly benefit the economy by reducing the cost of data collection, and by improving the ease and speed of tracking and monitoring. View Better with Standards. Watch Standards for government data collection.
An XBRL US Working Group seeks to address the lack of standards for 30,000+ state and local governments producing fiscal reports by designing schemas and XBRL implementation(s) for open data reporting of state and local government actual financial results.
Learn about the Grants Reporting Efficiency and Transparency (GREAT) Act, the DATA Act, as well as state government initiatives that are moving government reporting towards greater use of standardization to improve efficiencies.
Standard Business Reporting
XBRL is used by governments, agencies and regulators around the world. Programs called Standard Business Reporting (SBR) were established in Australia in 2010 and in the Netherlands in 2007 with a goal to reduce costs, increase speed of delivery and streamline processing through the use of structured data.
These programs were driven by government to enable corporate to government reporting in a clearly defined, standard format according the the specification maintained by XBRL International. Additional programs are under consideration in other European countries. Read more about these programs below.