Marc Joffe, Senior Research Analyst at the Reason Foundation, and Chair, XBRL US State & Local Government Working Group, authored an article published by the Sunlight Foundation, where he noted:
"In May, the California State Senate passed SB 598, the Open Financial Statements Act. The vote was an important milestone on the way toward opening up state and local government audited financial statements to more thorough analysis and comparison, but transparency advocates working in this space still have a long way to go."
Read the full article.
