In August 2018, Workiva revealed its work with XBRL US and XBRL US members in the effort to advance data modernization for Comprehensive Annual Financial Reports (CAFRs) by state and local governments. With the release of the CAFR Demonstration Taxonomy (v0.5) on Jan. 17, 2019, several sample filings were created in Wdesk, the cloud reporting platform from Workiva. See examples of how XBRL® standard is transforming government reporting below.
State and local governments are beginning to see the benefits of open data for financial reporting. Explore more XBRL and open data initiatives with the following resources. Stay on top of the possibilities with Workiva and learn how to get invovled with the Disclosure Modernization Working Group.