Items tagged with "government"

Newsletter for the Reporting Standard of Business and Government

October, 2020 SEC Commissioner Allison Herren Lee, and PwC Vice Chair Wes Bricker will provide keynote addresses at the XBRL US Investor Forum 2020, November 17-18, 2020. Commissioner Lee has been an outspoken advocate for transparency and greater accountability to help small business, increase diversity and improve access to information for investors. Wes Bricker, who […more]

September 2020 Newsletter

September, 2020 College Of DuPage leads move to electronic financial reporting for Illinois community colleges. The forward-thinking college worked with XBRL US to prepare their own financial statements in XBRL format, using the CAFR Taxonomy, and plans to create a data repository containing electronic financials for other Illinois-based community colleges. Oakton Community College, based in […more]

Forbes Article: A Technology Solution for Muni Bond Disclosure

On September 30, 2020, Forbes published “A Technology Solution for Muni Bond Disclosure” by Barnet Sherman, an article that suggests that momentum is building for greater standardization in municipal reporting. In the article, Sherman notes: “…The new chair of the Governmental Accounting Standards Board (GASB), Joel Black, wrote that during his tenure, one theme will […more]

Webinar: Standards for Regulators – Defining the Data Model

3:00 PM EDT Wednesday, October 28, 2020
XBRL US Webinar
Watch / listen to replay

Attend this 60 minute session to learn how government regulators set the stage for building a successful data model by assessing scope, defining functional requirements, engaging stakeholders early in the process, and considering issues that need to be addressed upfront to make sure that the final standards program meets the needs of reporting entities, regulators, data intermediaries and users.

College of DuPage Leads Move to Electronic Financial Reporting for Illinois Community Colleges

Illinois-based College of DuPageleads move to electronic financial reporting for Illinois community colleges Register for the free webinar.

SBA Requests Comment on CARES Act Data Collection

The Small Business Administration (SBA) published a request for comment regarding the collection of information related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Comments are solicited on 1) whether information collected is necessary for the agency to perform its functions; 2) whether burden estimates are accurate, 3) whether there are ways to […more]

Video: Government Use of Data Standards – Conversation with the FDIC

Every U.S. bank submits financial call report data to the Federal Deposit Insurance Corporation (FDIC) in machine-readable format. Banks have been reporting this way since 2005. Watch this video for a conversation with Mark Montoya, Senior Business Analyst of Data Strategy at the FDIC, who was one of the founders of the XBRL FDIC data […more]

August 2020 Newsletter

August, 2020 The Financial Accounting Standards Board (FASB) published EE 2.0 impact on XBRL service providers and software. The impact study, called Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready?, addresses the implementation of this new XBRL International technical specification in the 2021 US GAAP Taxonomy. Providers […more]

Webinar: Machine-Readable Data through the XBRL Standard

3:00 PM ET Wednesday, September 16, 2020
XBRL US Webinar
Watch / listen to replay

Regulators and businesses should attend this webinar to learn how the single data model approach makes ensures effective data standards programs that produce machine-readable data that is easy to consume.

We can do better at supporting small business.

Campbell Pryde, President and CEO, XBRL US

The SBA’s Paycheck Protection Program distributed $500 billion to nearly 4.9 million businesses. This funding was critical to helping small business. But it could have been more effective if loan and grants data was collected in structured, machine-readable format.