Which of the following statements is not true regarding XBRL?
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 accurate as the adoption of XBRL will require not only accountants and systems professionals to tag data but also businesses and organizations that produce and report financial information.

Which of the Following Statements Is Not True Regarding XBRL