Are You Prepared to Meet the Challenges of the DATA Act and Open the Door Wider on Government Spending?
Mar 02, 2015
From the Government Institute
Government financial managers have accomplished much in the area of financial reporting but still have some way to go in building public trust through “open government” reporting.
The Digital Accountability and Transparency Act of 2014 (DATA Act) is compelling financial managers to change how they think about public reporting, accountability and transparency. The ultimate goal is a better-informed citizenry. The DATA Act requires government-wide data standards, increased data availability, accuracy,usefulness, and avoidance of grantee reporting burden.
In this Journal of Government Financial Management article published by the Association of Government Accountants, KPMG’s Jeff Steinhoff, Andrew Lewis and Kyle Brown discuss what the DATA Act means to financial managers and how they can bring open government reporting to the next level to increase public trust.