We’ve covered the growing support for US state level XBRL several times over the past couple of months, including the move towards local Comprehensive Annual Financial Reports (CAFRs) and the benefits of structured data for municipal bond markets. This week saw another addition to the debate with publication of a report from The Data Foundation and Workiva: Transparent State […]
Just over a month ago we reported on the progress being made towards US state level XBRL. Further optimistic thoughts on that this week from Barnet Sherman in Forbes. While the US municipality bond market is larger than any other, the work being done in this context has direct relevance to government reporting in many other parts of the world.
Florida is in the last stages of finalising legislation that will require the collaborative design and implementation of XBRL based reporting from municipalities. Comprehensive Annual Financial Reports (CAFRs) will go digital.
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