Dear TSP Committee Members: Below is a link to a US GAO Report to the US Senate Finance Committee earlier this month on the need to support better accountability and transparency through "data tagging" of financial information across government to better track billions of dollars of US taxpayer money distributed to government agencies to assist and protect the public. According to the US GAO report more than $124 Billion was unaccounted for or improper payments were distributed by government agencies -- enough to run many of the countries governments around the world
Interesting alarming report from the US GAO issued in January 2016 to Members of Congress on the need in the capital markets and more specifically -- public companies – to disclose in their reports and to the US SEC material risks related climate change so investors and the public can make better financial decisions
Yesterday at a summit of central bank governors in Amsterdam -- the governor of the Bank of England warned that climate change could have a "catastrophic impact" on the global financial system. Speaking at the summit -- Mark Carney reiterated previous warnings that the global financial system...
In April 2014, President Obama signed into law the Data Act that would use global standards like XBRL to enhance government financial transparency. According the US GAO more than $100 Billion is unaccountable on an annual basis by US Government agencies
Great article in Fed Scoop about new legislation being introduced in Congress that would take the XBRL global data standard -- created by the accounting profession -- and build-out across all federal financial agencies for better transparency and accountability. Using the machine-readable,...
Interesting debate yesterday before the US Senate Banking Committee on the topic of expanding disclosures of US companies to include environmental, social and governance data besides just financial disclosures. The US House Committee on Financial Services held a hearing on the same topic last...
According to CERES - while almost half of the 600 largest U.S. public companies communicate with investors about environmental, social and governance issues, they could be doing a much better job of it. One “constant refrain” heard from investors is that “if a company is not talking about its...
unstructured data US Chamber US GAO US House US Securities ...