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 […more]
Join leaders from government, business, and society as they explore the open data transformation – from DATA Act implementation to financial regulatory reform to legislative actions, and much more.
Financial Data Transparency Act (FDTA) On December 23, 2022, President Biden signed into law H.R. 7776, the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 which includes TITLE LVIII, the Financial Data Transparency Act (FDTA). The FDTA calls for the use of data standards by member agencies of the U.S. Financial Stability […more]
XBRL US, the nonprofit consortium dedicated to XBRL reporting in the US, today congratulated the U.S. Senate for its passage of the Digital Accountability and Transparency (DATA) Act, S. 994, a bill mandating the use of structured data standards for the reporting of all government expenditures. The bill was approved by unanimous consent and is […more]
XBRL US announced today that it will hold two events this Fall in Bellevue, Washington, as part of its annual National Conference. A 2 ½ day conference, Current Developments in XBRL Financial Reporting for SEC filers, September 15-17, will focus on public company accounting professionals; the XBRL Data Forum, a one-day workshop to be held […more]
The national consortium for
the business reporting standard
