At least one-third of the 90,000 state and local governments in the United States produce annual financial reports. Due to the lack of standards for these reports, the ability to aggregate data and compare financial performance of governmental entities is limited. This working group seeks to address this problem by designing schemas and XBRL implementation(s) […more]
Items tagged with "government"
The Future of Business Reporting Expanding analytics, big data, AI and machine learning technologies are opening up brand new opportunities. Collaboration on definitions, identity and data exchange has never been more important. On top of that, the XBRL standard itself is modernizing. Top flight keynotes, exceptional networking and the opportunity to shape the agenda for […more]
May/June 2018 Regulatory and Legislative News SEC Adopts Inline XBRL for Operating Companies and Mutual Funds SEC Publishes Draft Strategic Plan for 2018 – 2022 SEC Requests Comment on Fund Retail Investor Experience and Disclosure SEC Requests Comment on Proposal to Require Relationship Summary for Retail Investors SEC’s Baugess Speech at Financial Information Management Conference […more]
On June 27, the U.S. Department of Commerce published a Request for Comment seeking input on the President’s Management Agenda which established a Cross-Agency Priority (CAP) goal of Leveraging Data as a Strategic Asset. This program has an intended purpose of guiding development of a comprehensive long-term Federal Data Strategy to grow the economy, increase […more]
Al Berkeley, Chairman, Princeton Capital
H.R. 5054 aims to reduce the burden on small filers, through an XBRL exemption. While the intent is good, the repercussions of the passage of an exemption like this, are anything but. Read on for the real facts.
March/April 2018 Regulatory and Legislative News Google’s BigQuery Now Hosting SEC Data SEC Proposal on Investment Company Liquidity Measures Out for Public Comment SEC Posts FAQ on the IFRS Notice SEC Updates Interactive Data Test Suite SEC Supports the 2018 XBRL Taxonomies XBRL US News XBRL US Domain Steering Committee Closes Public Review for Draft […more]
Florida Bill 1073 will require local government financial statements for fiscal years ending on or after September 1, 2022, to be filed in XBRL format and to meet the validation requirements of the relevant taxonomy.
January/February 2018 XBRL US News Final Public Review Launched for Orange Button Solar Finance Taxonomy Join the XBRL API Beta Test Group Replays of Recent Webinars Now Available Point of View: What’s in Your Corporate Family Tree? Recent Point of View Topics Register to Attend XBRL US Data Quality Committee Meeting, Wednesday, March 14 at […more]
November/December, 2017 Regulatory & Legislative News SEC Publishes XBRL Datasets for Mutual Fund Risk/Return Data XBRL US News XBRL US Submits Letter to SEC on FAST Act Modernization and Simplification of Regulation S-K CFA View on Standards, Webinar Scheduled for January 10, 2018 XBRL Tagging in IFRS, Webinar Scheduled for January 31, 2018 Video Recording […more]
Accountants are sticklers for checking their work. They rely on disclosure and accounting checklists, and now on Data Quality Rules to catch errors in their XBRL financials. The XBRL US Data Quality Committee also performs periodic checks on their own work, and have proof that their rules and guidance are improving the accuracy of corporate XBRL financials.