Florida advances toward XBRL adoption, but Government Finance Officers Association opposes

In Politics by Michael Rae

The Florida Division of Auditing and Accounting has released an extensible business reporting language taxonomy for use by local governments to report their financial status digitally. This development is a major milestone in the evolution away from PDF-based government financial reports and toward machine-readable disclosure that should help increase accountability and transparency by making it easier for taxpayers, policymakers, and other interested parties to access government spending data and financial reports.

The XBRL taxonomy was mandated and funded in 2018 by Florida House Bill 1073, a bill written in consultation with Reason Foundation policy analysts. Florida’s first-in-the-nation XBRL government reporting

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