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TechTalk Blog - US Government Mandates Machine-Readable Government Financial Reporting Using Data Standard Like XBRL For Better Data Analytics

The law also incorporated the OPEN Government Data Act, which requires all non-sensitive government data to be made available in machine-readable formats which includes financial data using global standards like XBRL.


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TechTalk Blog - US Government Moves Full Speed-Ahead on DATA Act and Use of XBRL Data Standard for Better Accountability/Transparency

Interesting story in FCW about the current implementation by the DATA Act by the US Federal Government… The DATA Act requires the use of the eXtensible Business Reporting Language (XBRL) data standard for the tagging of both business and financial data for better transparency and accountability. XBRL is a machine-readable data format that can be used in spreadsheets for faster, cheaper and better data analysis




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TechTalk Blog -- 86% of Accounting Tasks Can Be Automated With Current Technology -- Management Accountants Need to Review New Technologies

Data creation, data governance, data analytics and Big Data according to the Accounting Today article.

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TechTalk Blog: WSJ CFO Blog: XBRL for Capital Markets Transparency?

Can it happen now as new technologies and Big Data become more mainstream? As the mashing of various data sources in public and private domains accelerate for enhanced data analytics -- the need for structured, trusted, third-part verified tagged data from credible sources like the US SEC will become more significant. Financial statement data from the world’s largest corporations underscores the bedrock foundation of the capital markets. Without transparency/accountability of these entities and the ability to link and sync this data and mash with other data sources for enhanced data analytics there will continue to be perceived risk in the capital markets and “lack of confidence” by mainstream investors whose capital is critical to the creation of new jobs and opportunities



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TechTalk Blog - Securities Regulators from Growth and Emerging Markets Seeking Comments on Sustainability Disclosures (CSR/ESG) & Role of Regulator in this Area

This also includes human capital data disclosure by companies including gender pay and pay ratio data including composition of boards of directors.

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