Machine-readable financial reports get a look in Michigan
The University of Michigan is studying the use of XBRL technology for local government financial reports with the state Department of Treasury set to act next.
Source: bondbuyer.com
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The University of Michigan is studying the use of XBRL technology for local government financial reports with the state Department of Treasury set to act next.
Governments, standard setters, regulators and analysts encouraged to provide input A pilot project involving the University of Michigan and others is exploring whether a new fiscal reporting mechanism for governmental entities can help create transparency—and prevent future financial crises. T