XBRL does all of the following except:
A) Enhances speed and accuracy of business reporting.
B) Provides major benefits in the preparation, analysis and communication of business information.
C) Serves as a universal standard for financial reporting information in the individual investor community.
D) Facilitates business reporting of financial and nonfinancial data.

Question

Quizplus · Accepted Answer

While XBRL does provide many benefits in business reporting, it is not specifically designed to serve as a universal standard for financial reporting information in the individual investor community. It is primarily used by businesses and regulatory bodies to improve reporting efficiency and accuracy.

XBRL Does All of the Following Except