Diane Mueller

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Top Stories by Diane Mueller

When President Obama appointed his new federal CIO, Vivek Kundra, last week, Kundra announced ambitious plans to "democratize" federal government data by making it accessible in open formats and in data feeds. His plan calls for the creation of a single point of access to all public federal information. The idea is to enable the data to be accessed by developers whose applications will open up federal data to the sunlight of millions of citizens by encouraging them to scrutinize how the Recovery Act's dollars will be spent. As chief technology officer for the District of Columbia, Kundra raised the bar by making government data more readily accessible to its residents, leveraging pre-existing Web 2.0 technologies like Facebook and YouTube. Federal agencies are now banding together to plan for how they are going to provide this information in an open, standardized ma... (more)

XBRL Blog Magazine: IT Risk, IFRS Transition Rank among Internal Auditors’ Biggest Concerns, According to Protiviti Survey

MENLO PARK, Calif., April 2 /PRNewswire/ — Gaining a better understanding of IT risk, International Financial Reporting Standards (IFRS) and extensible business reporting language (XBRL) top the “to do” list for internal audit executives this year, according to the 2009 Internal Audit Capabilities and Needs Survey conducted by Protiviti, a global business consulting and internal audit firm. The survey report also shows ISO 27000 (information security) rounding out the top five concerns list, but indicates that internal auditors are becoming more comfortable with the data security... (more)

Google News - XBRL: XBRL and TARP funds - FierceFinanceIT

XBRL and TARP funds FierceFinanceIT, DC XBRL, like it or not, is coming. The SEC hasn't wavered in its transition plan; about 500 large public companies will starting reporting in the new format this summer. Another 500 will follow suit next year, and others will follow. ... Bolgiano: Interactive data tags could help regulators track TARP funds SmartBrief all 2 news articles ... (more)

Google News - XBRL: SEC Posts XBRL Compliance Guide - Compliance Week (subscription)

SEC Posts XBRL Compliance Guide Compliance Week (subscription), MA The staff of the Securities and Exchange Commission has posted a “small entity compliance guide” on its rules that require companies to submit financial statements tagged using extensible Business Reporting Language to the Commission and to post them ... ... (more)

Rebuilding Public Trust: The Case for Compliant Financial Data

In the aftermath of banking failures, subprime mortgages, and bailouts across multiple industry sectors, it is a good time to examine the strategies it will take to rebuild public trust in our government and in the world’s financial markets. I believe the answer depends both on what we can do and how we do it. With all the financial information that corporations were obligated to report because of existing government regulations, how could we not have foreseen this financial disaster? Did we misread the data? Was the information in the reports incorrect? Is there more that shoul... (more)