Start Date: 3/8/2023 2:00 PM EST
End Date: 3/8/2023 4:00 PM EST
Organization Name:
NASACT
Contact:
Since it was signed into law on December 22, 2022, the Financial Data Transparency Act (FDTA) has generated a lot of buzz. Proponents point to increased transparency of financial information for state and local government municipal bond issuers. Opponents stress the cost and steep learning curve that will be necessary to comply with the law.
This webinar will attempt to clarify a lot of the confusion. We will discuss the actual provisions of the law and how they will impact state and local governments. We will also hear about the data standards work that is occurring at the University of Michigan’s Center for Local, State, and Urban Policy (CLOSUP), including a pilot with the city of Flint, Michigan. We’ll also learn how tagging of data occurs – for example, getting from Excel to XBRL.
Remember the Grant Reporting Efficiency and Agreements Transparency Act (the GREAT Act)? It seems like a long time ago given the pandemic, but the GREAT Act became law back in December 2019. It requires single audit information to be reported in standardized, machine-readable format. Many aspects of the GREAT Act sound very similar to the provisions of the FDTA. This webinar will compare and contrast these two laws and provide an update on the GREAT Act’s current status.
Lastly, we’ll hear the perspective of an auditor organization on how standardized, machine-readable financial information can impact its oversight responsibilities, particularly in monitoring local governments. Pros and cons will be discussed.
This webinar has something for everyone!
MORE INFO
CPE: 2 credits for this event
Registration Fees:
Groups
$325 per group (unlimited attendance)
Individuals
$60 per individual – Use promo code INDWEB to get this rate
$30 per individual (no CPE) – Use promo code INDNOCPE to get this rate
For information regarding refunds, complaints, or cancelation policies, please contact our office at (859) 276-1147.
