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Blog

  • 07 Sep 2018
  • Guru Raj Singh

Florida leads the way on digital data reporting

Although the private sector is quite familiar with digital reporting as mandated by the Securities and Exchange Commission (SEC) in 2008, the transition to machine-readable data such as the 10-K, 10-Q reports in XBRL formats still remains slow. However, with a recent law enacted in Florida, local government financial reporting looks set to change for the better.

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  • 05 Sep 2018
  • Guru Raj Singh
  • XBRL

The United States and Data Standardization – The Long Road Ahead

Data standardization has often been trumped as the gold standard for financial reporting – and justifiably so. Not only can it help ensure greater transparency and comparability between the financial performance and position of companies or local government bodies, but it can also lead to reduced costs when it comes to data preparation, conversion and interpretation.

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  • 29 Aug 2018
  • Guru Raj Singh
  • IFRS

Revised Conceptual Framework Released by IASB

At the end of March 2018, the International Accounting Standards Board (IASB or Board) published its revised Conceptual Framework for Financial Reporting (Conceptual Framework).

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  • 22 Aug 2018
  • Guru Raj Singh
  • SEC

The growing importance of data analytics for the SEC

On 25 June 2018, the U.S. Securities and Exchange Commission (SEC) published its draft strategic plan for fiscal years 2018 – 2022. Although comments for the draft closed on 25 July 2018, the draft provides ample insight into the SEC’s priorities over the coming years and its apparent willingness to embrace digitization.

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  • 13 Aug 2018
  • Guru Raj Singh
  • DATA Act

DATA Act Compliance Shows Room for Improvement

On 23 July 2018, the U.S. Government Accountability Office (GAO) released a report that examined the quality of agencies’ spending data in the context of the Digital Accountability and Transparency Act of 2014 (the DATA Act).

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