Concerning XBRL,which of the following statements is not true?
A) XBRL is a variant of XML.
B) XBRL is specifically designed for use in communicating the content of financial data.
C) XBRL creates unique tags for each data item.
D) XBRL's adoption will require accountants and systems professionals tag data for their clients.

Question

Quizplus · Accepted Answer

This statement is not entirely true. While it is true that some adoption of XBRL may require accountants and systems professionals to tag data, XBRL also allows for automated tagging through the use of software and other tools. Therefore, it is not necessarily always the case that adoption of XBRL will require manual tagging by professionals.

Concerning XBRL,which of the Following Statements Is Not True