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While XBRL was adopted by the private sector for financial reporting, we cannot say the same about the government sector. Do you believe that states

While XBRL was adopted by the private sector for financial reporting, we cannot say the same about the government sector.

  1. Do you believe that states and local governments should use XBRL or a similar technology for financial reporting?
  2. Why do you think the government sector hasn't adopted XBRL yet?
  3. Discuss how would you promote its adoption by the state and local governments.

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