Which of the following is least likely to be true regarding SEC requirements for XBRL?
A)It is now more important for tier 1 ERP systems to integrate XBRL.
B)Inline XBRL makes the data both human readable and machine readable.
C)Over the long-term, Inline XBRL will decrease the cost of providing data to the SEC.
D)The SEC does not yet have a specified time for the adoption of Inline XBRL.

Question

Quizplus · Accepted Answer

The SEC has already mandated the use of Inline XBRL for certain filings, indicating a specified timeline for adoption, making option D the least likely to be true. Inline XBRL (iXBRL) combines human-readable documents with machine-readable XBRL data, aiming to improve the efficiency and accessibility of financial data reporting.

Which of the Following Is Least Likely to Be True