Article:		Marking Up Bureaucracy
Subject:		XBRL and the Regulatory Use of Financial Data
Date:		2003-10-22 07:45:36
From:		David vun Kannon
By focusing on the G2G, the article misses some interesting work being done in the G2B and G2C spaces. The result is an unbalanced view of Washington's use of XML. XBRL (eXtensible Business Reporting Language) has been chosen by the FFIEC ( a group of financial regulators including the FDIC and the Federal Reserve Bank) as a core technology for their next generation data collection efforts. Voluntary XBRL filings are also accepted by the SEC. The IRS also receives the public's financial records every year in the form of tax filings. For much of the public, their tax form is the biggest point of contact with the Federal government. So the IRS' work on TaxML should certainly be mentioned as a key G2C initiative. David vun Kannon Senior Manager, KPMG LLP

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