Items tagged with "Illinois"

Illinois House Resolution Encourages XBRL Use by Local Governments

The state of Illinois introduced House Resolution (HR 0703) on February 4, 2020, to encourage the use of XBRL for financial reporting by local governments within the state.  The resolution notes: “Will County Auditor Duffy Blackburn has been the first county official in the country to publish the county’s Comprehensive Annual Financial Report (CAFR) for […more]


Legislation

GREAT Act The Grants Reporting Efficiency and Transparency (GREAT) Act, signed into law December 30, 2019, mandates data standards for federal awards by 2022; and for Single Audit data by 2023. The Act states that data standards shall:  “…render information reported by recipients of Federal awards fully searchable and machine-readable; be nonproprietary; incorporate standards developed […more]