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Audit ReportOIG20005 GULF COAST RESTORATIONDATA Act: Council Met DATA Act Reporting Requirements, but Data Accuracy Could be Improved October 30, 2019Office of Inspector GeneralDepartment of the TreasuryThis
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The DATA Act (Digital Accountability and Transparency Act) is a U.S. federal law that aims to make federal spending more transparent by requiring agencies to report their financial data in a standardized format.
Federal agencies and entities receiving federal funds are required to file data act data act reports.
To fill out data act data act reports, agencies must use the standardized data elements and submit the required information to the Treasury Department.
The purpose of data act data act is to increase transparency and accountability in federal spending by standardizing financial reporting.
Information such as financial statement data, budgetary data, and award data must be reported on data act data act.
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