Currently this DATA IS NOT IN A MACHINE-READABLE format available for the public to use to make better investment decisions/ data analytics
According to the article in FCW: “ The IRS is taking a step to open data on the financials of tax-exempt organizations… in machine-readable XML format.”
Using machine-readable data reporting can help end improper payments (using taxpayer dollars) and lead to better government spending and accountability
Over the years the IMA has championed the use of XBRL as a machine-readable data format for financial reporting to promote greater transparency and accountability to support economic growth and new jobs in the capital markets
Liv Watson , IMA member and Mother of XBRL) for structured data used by the accounting profession for public disclosure, business and financial reporting so data can be in a machine-readable format
XBRL protects investors and helps companies tell their story to Wall Street by making their financials available in a machine-readable format for consumption by data aggregators
Great article from the European Securities Market Authority on what EU public companies must do using the new Inline XBRL Global Data Standard for Better Transparency & Accountability by putting financial and non-financial financial statement info in a machine-readable format
The IMA supports to use of using machine-readable formats like XBRL to enhances transparency and accountability of disclosed regulatory reports to help both regulators and investors
The $3.8 Trillion Municipal Bond Marketplace What if the data hosted by the Municipal Securities Rule Making Board (the principal regulator of the $3.8 trillion municipal securities market) on the Electronic Municipal Market Access Website EMMA SYSTEM could be in a machine-readable format like XBRL and also have XBRL data assurance to protect both taxpayers and investors?
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