Members of the XBRL US State & Local Government Disclosure Modernization Working Group authored the article “Building Momentum, Preparing for XBRL in Government” which appeared in the Spring 2019 edition of the Association of Government Accountants (AGA) Journal of Government Financial Management. From the article:
XBRL, or eXtensible Business Reporting Language, provides advanced search capabilities with data-tagging that offer benefits to state and local government financial reporting acknowledged as far back as 2002. Yet, 17 years later, this powerful tool to increase the usefulness and timeliness of reports is still not widely used in government. However, given its development in the corporate sector, the demand for better reporting, and federal and state legislation providing momentum for the use of XBRL at local government levels, it is time to get started. Read more. AGAJournal_Spring2019_XBRL
Shannon N. Sohl, Ph.D., CPA, is a senior research associate at Northern Illinois University’s Center for Governmental Studies. She serves on the Transform Illinois data and research committee, the Illinois State Comptroller’s Local Government Advisory Board and as vice-chair of the XBRL US SLGDM Working Group.
Jacqueline Reck, Ph.D., CPA, is a professor in the Muma College of Business, University of South Florida. An author of the textbook, Accounting for Governmental & Nonprofit Entities, she teaches government accounting and does research in government accounting and accounting information systems. She serves on the XBRL US SLGDM Working Group.
Tammy R. Waymire, Ph.D., CPA, is an associate professor of accounting in the Jones College of Business, Middle Tennessee State University. She teaches and researches government and nonprofit accounting and auditing topics. She currently serves on the FASB Not-for-Profit Advisory committee and the XBRL US SLGDM Working Group.