Improving transparency and accountability in government leads to better decisions and better policy. Panelists will discuss the US DATA Act, pending legislation that will require structured data for all government performance reporting. This bill offers a remarkable set of changes affecting every facet of government activity and the methods used to make that information accessible to the public. You’ll learn the intent of the new legislation as well as the scope of what’s being proposed. But you’ll also learn about programs that are underway today in the US Treasury, geared towards improving data transparency from a government perspective. Learn about an initiative ongoing in Treasury that aims to make the agency less system-dependent, and that will be able to provide answers to questions for today and tomorrow.
Traditional methods of storing, accessing and analyzing data are just not effective in the new era of Big Data. Private sector enterprises have embraced new technologies and standards to adapt to increasing demands for information. Federal government is no exception and agencies must develop their own Big Data strategies. Learn from this session about Big Data challenges and opportunities in the federal government arena and how lessons learned in the private sector can be applied. Learn about new applications being developed that help governments become more efficient in their data collection and distribution.
In this session, you'll learn what SBR is, how it works, and the steps required to cut red tape across different government agencies by harmonizing the data needs of the public sector. You'll hear about the kind of formal standards needed to make it work in addition to XBRL and get an understanding of the crucial role government plays by publicly adopting standards and mandating their use. This session will include a presentation from leading expert in this field, Marc van Hilvoorde, followed by a panel session of international experts discussing the key steps required to create data harmonization, with a facilitator engaging the audience and drawing out the lessons learned.
Passage of the DATA Act means that government spending data will be significantly more accessible by watchdog groups, the media, government data aggregators and American citizens. Attend this session that discusses how the use of defined data standards will enable the comparison of government data collected. This session will look at how data standards will enable the automatic calculation of the aggregate amounts spent by the federal government across various program types and by specific products, and how standards will allow users to identify the most expensive government programs and determine which contractors are involved in those programs.
The US DATA Act represents a new approach to government transparency in a Big Data era. Attend this session to learn the specifics of the ACT, which agencies and what reporting data is affected and to get a better understanding of the different financial systems that each agency relies on today. These disparate systems must be adapted to collect, report and analyze structured data and to communicate to other agency systems and the public.
This session will give participants an understanding of why information security is needed in XBRL; with case studies, and an insight into methods and tools used to secure critical information, as used today by security industry experts.
XBRL data provides unique data mining opportunities. Attend this session to hear findings from
studies on how semantic mining and text mining can be applied to XBRL data for
business analytics.
The LEI is a reference code to identify a legally distinct
entity involved in a financial transaction. This session will focus on
why establishing such a single, consistent reference point is critical in a
global financial marketplace, affecting both both public and private
sectors. Panelists will discuss what’s been accomplished to date to
establish an LEI and what needs to happen going forward.
Government and financial reporting have gone through dramatic changes over the past few years, driven by demand for greater accuracy, transparency and accountability in reporting by investors, watchdog groups, citizens and governments. This panel of experts in government, finance and standards will discuss the challenges and opportunities ahead, drawing on the major themes of the conference, lessons learned during the past 2 ½ days and expectations going forward.
Government and financial reporting have gone through dramatic changes over the past few years, driven by demand for greater accuracy, transparency and accountability in reporting by investors, watchdog groups, citizens and governments. This panel of experts in government, finance and standards will discuss the challenges and opportunities ahead, drawing on the major themes of the conference, lessons learned during the past 2 ½ days and expectations going forward.
This program will cover brief demonstrations showcasing how XBRL can be used for unique applications such as:
