Three years of planning the implementation of the Digital Accountability and Transparency Act (DATA Act) came to fruition on May 9, 2017 as Federal agencies were required to begin reporting spending by using governmentwide, standardized data elements.
Prior to the DATA Act, agencies used differing data elements and definitions to report spending. Use of the Act’s open and uniform standards is meant to improve reliability and access to the government’s financial data.
Tag: USASpending.gov
DATA Act Compliance Has Arrived
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Read MoreThree years of planning the implementation of the Digital Accountability and Transparency Act (DATA Act) came to fruition on May 9, 2017 as Federal agencies were required to begin reporting spending by using governmentwide, standardized data elements.
Prior to the DATA Act, agencies used differing data elements and definitions to report spending. Use of the Act’s open and uniform standards is meant to improve reliability and access to the government’s financial data.