Making Government Transparent and Accountable
The Sunlight Foundation uses cutting-edge technology and ideas to make government transparent and accountable. Underlying all of our efforts is a fundamental belief that increased transparency will improve the public's confidence in government
The Sunlight Foundation Blog
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SEC Rules for Transparency and Oversight
John Wonderlich, Sunlight’s program director, writing at the Open House Project Google Group, tipped me off to an encouraging development. Late last week, Nextgov reports, the SEC (Securities and Exchange Commission) passed a rule requiring public companies and mutual funds to use a standard electronic format to publish financial data. The expectation (and hope) is that this move will bring more transparency and oversight to corporate balance sheets and earnings. The agency is requiring companies to start using XBRL (extensible business reporting language) when filing financial disclosures. They are also requiring companies to publish the information on both the SEC’s Web site and their own corporate site.
