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Search Tags: XBRL
Lawmakers are demanding accountability in financial rescue scheme
A dutch treat for fans of government transparency and accountability
Officials in the federal financial management community are continuing to watch for progress in the adoption of XBRL -- Extensible Business Reporting Language -- in financial management systems in the government. XBRL allows for the management and presentation of large "datasets" of financial and economic data on the World Wide Web.
Advocates for extensible business reporting language in both the legislative and executive branches are pressing for its use in recovery.gov, the website which is earmarked to track spending of federal stimulus money.
How to make sense out of a torrent of data
The marriage of financial data and performance measurement
The Office of Management and Budget wants to expand the use of Extensible Business Reporting Language to expand access to structured data. However, the technology to ensure widespread adoption still has a way to go. But two pilots with industry shows it can be done.
A government accounting industry group spearheads development of a breakthrough in converting audit records from one proprietary format to another making the data searchable and easier to analyze. The new technique will make it possible for databases of information previously untouchable by contemporary software techniques to be mined and analyzed for new information on federal government grant spending.
There were high hopes that Recovery.gov, the Web site for the American Recovery and Reinvestment Act of 2009, would serve as a model for the latest use of XBRL. We ask Joe Kull, who is with the Washington Federal Practice of PricewaterhouseCoopers, for a brief layman's explanation of XBRL.