More than 100 regulators in more than 70 countries have mandated the use of XBRL for financial and business reporting which includes financial, tax or government data used to drive both the capital markets and government services
Great tech news article in Federal Computer Week on June 17, 2016 about the United States Internal Revenue Service (IRS) moving forward with an XML data format for machine-reading of tax forms starting with the non-profit sector for better transparency and data analytics
Among the initiatives are: A proposal for an EU Regulation on investment-based and lending-based crowdfunding service providers (ECSP) for business
Questions are being prompted based on non-financial disclosure requirements coming from the EU (ESMA) and other regulators regarding additional assurance services that could be provided to support this non-financial disclosure
Strategic Finance Magazine published the following article I wrote on this topic in the February 2019 issue . The Commission on Evidence-Based Policymaking issued this report on the benefits of using smart data and technologies like XBRL to enhance government services
The US Comptroller General spoke in March before the US Senate Budget Committee about current abuses in government spending because of the lack of transparency and accountability and he personally indicated that he wanted to take an active role in the implementation of the DATA Act to usher in a new era of government financial accountability and transparency. The US Health & Human Services Department indicated to the press recently that the federal agency will begin piloting the Data Act implementation for US social program transparency and accountability