XBRL is essentially a:
A)new set of accounting standards.
B)new set of auditing standards.
C)a tagging system which allows computer programs to extract information from financial reports.
D)new set of ethical standards.

Question

Quizplus · Accepted Answer

XBRL is a tagging system that allows computer programs to extract financial information from reports. It is not a new set of accounting or auditing standards or a set of ethical standards.

XBRL Is Essentially A