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Items tagged with "Michigan"

University of Michigan Partners with Flint, MI on XBRL Reporting Program

The University of Michigan announced a partnership with the city of Flint, MI, on a fiscal reporting pilot program to improve transparency and governance. The pilot centers on developing digitized data standards to represent the Annual Comprehensive Financial Report (ACFR), and will build on the XBRL Taxonomy developed by the XBRL US Standard Government Reporting […more]


Grants Reporting

The Grants Reporting Efficiency and Transparency (GREAT) Act, which mandates data standards for federal awards by 2022; and for Single Audit data by 2023, has yet to be fully implemented. The Act states that data standards shall: “…render information reported by recipients of Federal awards fully searchable and machine-readable; be nonproprietary; incorporate standards developed and […more]