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 (eXtensible Business Reporting Language) is a tagging system that allows computer programs to extract financial data from reports. It is not a new set of accounting or auditing standards, nor is it a set of ethical standards.

XBRL Is Essentially a