Items tagged with "standards"

NYU and Columbia Paper: The Data Standardization Challenge

Richard Berner, Executive-in-Residence at the Center for Global Economy and Business at the NYU Stern School of Business, and Adjunct Professor in the Department of Economics, and Kathryn Judge, Professor of Law at Columbia Law School.  from New York University and Columbia have written a white paper, The Data Standardization Challenge, which examines the numerous public […more]


Federal Energy Regulatory Commission (FERC) Proposes XBRL Requirement

The Federal Energy Regulatory Commission (FERC) posted a proposal to require the use of XBRL for reporting Commission Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714 for utilities. The proposal is out for a 30 day comment period which ends March 6, 2019. Read the proposal.


GREAT Act Passes U.S. House of Representatives

The GREAT Act (H.R. 150) unanimously passed the House of Representatives in the 116th Congress. The GREAT (Grants Reporting Efficiency and Agreements Transparency) Act calls for the creation of a comprehensive and standardized data structure (“taxonomy”) covering all reported federal grant and assistance data. Read the bill.


OPEN Government Data Act Passed

The Open (Open, Public, Electronic and Necessary) Government Data Act passed. The goal of the bill is to improve data portability, openness, and transparency without specifying certain formats or technology. It defines open data, creates minimal standards for making federal government data available to the public, requires the federal government to use open data to […more]


The XBRL API

A standard to retrieve XBRL data

The XBRL API (Application Program Interface) is a set of endpoints developed to help data users access timely, highly granular, structured XBRL data. This standardized API allows developers and data utilities, with limited XBRL knowledge, to learn a single interface to access data from any database that contains XBRL data, including the XBRL US Database of Public Filings.


The right tools for when it absolutely, positively, has to be done right.

Ami Beers, Director — Assurance and Advisory Services, Corporate Reporting, Association of International Certified Professional Accountants (AICPA); Member, XBRL US Data Quality Committee

Preparing a perfect turkey is critical for a successful Thanksgiving. Preparing quarterly financial statements is another activity where “getting it right” is critical. The risk of mistakes has significant downsides, ranging from SEC sanction to negatively affecting your company stock price.


Point of View

The right tools for when it absolutely, positively, has to be done right.

Preparing a perfect turkey is critical for a successful Thanksgiving. Preparing quarterly financial statements is another activity where “getting it right” is critical. The risk of mistakes has significant downsides, ranging from SEC sanction to negatively affecting your company stock price.


Fix state & local government reporting. Here’s how.

State CAFRs and Annual Financial Reports in standardized, computer-readable format will improve the ability to collect, aggregate, and analyze data, giving investors and policymakers the ability to make more timely, better decisions, while reducing the cost of data collection and analysis.


The Future is NOW

David Tauriello, Vice President, Operations, XBRL US

The inline XBRL specification has been in widespread use around the world for years. The SEC’s recent decision to adopt inline filing as a requirement brings significant benefits for all stakeholders and challenges for companies that have not yet mastered the craft of digital financial storytelling.


State and Local Government

A new XBRL US working group seeks to address standards related to state and local government annual financial reports by designing schemas and XBRL implementation(s) for open data reporting of state and local government actual financial results.