Free the Data: eGov and Open Standards
One can only hope that one of Kundra’s first recommendations includes
leveraging what has become the de facto global financial reporting open
standard — XBRL — to tag and track the billions of Recovery Act dollars.
The Obama Administration has ...
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 Columbi... (more)
How can you turn the U.S. SEC eXtensible Business Reporting Language (XBRL)
mandate’s requirements into an opportunity when making process improvements
to comply? Implement an XBRL-enhanced document management strategy as part of
your internal corporate filing workflow which will both boost compliance and
Today, Strategies for Success
Document management is based on applying the principles of structured content
— documents that have been chunked into meaningful component parts and
tagged in a systematic fashion. In the case of the corporate financial
reporting proces... (more)
Edgar Online: On the edge of profitability?
Stamford Advocate, CT
Moyer said XBRL will help investors sift through financial reports to find
information more quickly and to make comparisons. He said the quicker
companies adopt the new filing procedures, the better for the markets.
"People don't understand if they ...
EDGAR Online CEO to Outline Strategy at 10th Annual B. Riley & Co ... PR
Newswire (press release)
all 9 news articles
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)