Posts made in February, 2015

DATA ACT: MANY PATHS — SAME DESTINATION

Posted by on Feb 3, 2015 in DATA Act, ERP, Federal Financial Management, Federal IT, Financial Management, Financial Systems, Uncategorized | 0 comments

There are two areas of the DATA Act implementation that I will briefly discuss. These two areas are closely linked together: XBRL as the standard for data; and the opportunity to leverage numerous approaches and software to obtain the goals of the DATA Act.   XBRL as the Standard Having XBRL as the standard for data may indeed be the right long term goal. However, it is very likely that implementing XBRL as the standard for all data sources will not be complete until well after the deadline for implementation of the DATA Act. In the meantime, Treasury and OMB need to develop a strategy...

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