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After Five Years the SEC Votes to Adopt Inline XBRL for Corporate Financial Filings
Yesterday, the Securities and Exchange Commission (SEC) voted 4 to 1 to adopt Inline XBRL for corporate financial data disclosure. The move to Inline XBRL will end duplicative documents-plus-data financial reporting and transition to data-centric reporting.
Commentary and In the News
After Five Years the SEC Votes to Adopt Inline XBRL for Corporate Financial Filings
Yesterday, the Securities and Exchange Commission (SEC) voted 4 to 1 to adopt Inline XBRL for corporate financial data disclosure. The move to Inline XBRL will end duplicative documents-plus-data financial reporting and transition to data-centric reporting.
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A New Era for the Data Coalition: Board of Directors Announce Executive Director Search
The Data Coalition’s Board of Directors announce that Hudson Hollister has decided to depart from his role as Executive Director of the Data Coalition effective October 1, 2018, and that a search process has started to replace him.
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TBM: Improving How our Government Manages IT Spending
The transparency of IT spending will improve greatly when TBM is implemented across the federal government. Standardization of IT data will encourage organizations to benchmark their spending compared to other federal organizations and even commercial ones.
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House Financial Services Committee Continues Four-Year Campaign to Eliminate Most Open Data on Corporate Finance
For over four years, the Biotechnology Innovation Organization and the leadership of the House Financial Services Committee have been trying to pass a bill that would prevent the U.S. Securities and Exchange Commission from collecting searchable financial data from most public companies. Fortunately, it is probably never going to become law. But why are the biotech industry and the Financial Services Committee leadership so fixated on the Small Company Disclosure Simplification Act?
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Data Coalition Opposes Anti-Open Data Bill in House Financial Services Committee
The House Financial Services Committee will mark up the Small Company Disclosure Simplification Act, H.R. 5054. The legislation was first introduced in 2013 and the bill will exempt a majority of public companies from the obligation to file financial statements in a searchable and standardized data format with the U.S. Securities and Exchange Commission (SEC).
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Government Financial Transparency Will Cure Government Mistrust
The DATA Act was a significant piece of legislation that required the federal government to adopt a single data structure for spending information along with a goal of bringing together all spending information whether it be contract, loans or grants into one unified data set that would be easily searchable by the public.
read moreFrom our Twitter Feed
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Agreed! Our hope is that government adopt non-proprietary data standards to make the information they generate and… https://t.co/8aXCkudcSo
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We’re underway at #LDTC18 discussing transparency in government, adoption of government data standards, and harness… https://t.co/FD5FvjUgYL
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RT @data_foundation: If you haven't already, be sure to follow us on all our social media channels for all our research, education, and… https://t.co/lWOF0bGm91
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According to our Executive Director @hudsonhollister, the recent @SEC_News vote adopting #iXBRL for corporate finan… https://t.co/OnFJM8BFBo
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The Committee on House Administration is hosting #LDTC18 this Thursday. The conference will bring agency personnel… https://t.co/oH2CKF7IQQ
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RT @data_foundation: SAVE THE DATE! We are officially 3 months out from the sixth annual Data Transparency 2018 where we will explore ho… https://t.co/2YuuNJToJj
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RT @SunFoundation: The folks @POGOBlog are keeping a close eye on the new https://t.co/RZTyqsej5N and found room for improvement in da… https://t.co/lnPKtQKqO2
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@MichaelPiwowar @SEC_News Thank you Commissioner for your leadership on modernizing financial regulatory reporting! #opendata #iXBRL
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