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Which of the Following Is Not an Advantage of XBRL

Question 23

Multiple Choice

Which of the following is not an advantage of XBRL?


A) Improved audit quality can occur as long as the taxonomy has correctly classified items of data at its source.
B) Through the application of different taxonomies and standards, the time required to prepare accounting reports is significantly increased.
C) Once XBRL standards are defined, they can be taken and applied to different industries and environments through the creation of different taxonomies.
D) The interchangeability of XBRL data between the major accounting software means that once the data is tagged it can be reused in many ways to meet differing financial reporting requirements.

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