In an effort to bring an organized source for best practices
in financial reporting, the Maryland Association of CPA’s has formed the Center
for Transparency, Performance Management and Accountability. The Center hopes
to elevate the innovation and development of structured financial reporting.
Structured financial data is already being used successfully to increase transparency and reduce costs at the SEC, FDIC, Oregon, Nevada and by governments around the world. The Maryland Association of CPAs has pioneered its own application of XBRL internally and is now working with the Financial Accounting Standards Board (FASB) on an XBRL taxonomy for Not-for-Profits. The MACPA also provided its case study to Chairman Issa and Congress in support of the DATA Act.
The Center recently held their first collaboration session,
seeking to answer problems such as performance management, and the transparency
of Government Financial Reporting. MACPA will be holding a two-hour XBRL
Thought Leader Symposium on Tuesday, June 26, 2012. City Biz List has moreinformation.
-------------------------------------------------------------------------------------------------------------[A] group of global experts will present updates on all of the key areas where XBRL and structured data are making a difference in areas like government reporting, healthcare, financial accounting standards, and innovative performance management applications……Then on June 27th, Innovative uses of XBRL will be presented as part of MACPA's Innovation Summit at Martin's West featuring the following sessions:• Open Government: Transparency & Accountability in Federal & State Government - W. David Stephenson moderating panel with Hudson Hollister of the Data Transparency Coalition & MD Senator Bill Ferguson• Healthcare Data - What You Need to Know - Jim St. Clair of HIMSS (Healthcare & Information Systems Society)• Transparency & Financial Reporting: The View from FASB - Louis Matherne of FASB• Performance Management for Government, NFPs & Small Business - Skip Falatko, Thomas Hood, Bill Bunch• Worldwide Developments in XBRL, XBRL GL & SBR - Eric E. Cohen - PWC & Gianluca Garbellotto - IPHIX
Merrill Corporation is proud to offer XBRL Complete,
a suite of services that meets - and has
options to exceed – the mandated requirements
for XBRL for mutual funds. For more information,
please click here or call 866-367-9110.
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