XBRL is essentially a
A) new set of accounting standards.
B) new set of auditing standards.
C) 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 enables computer programs to extract financial information and data from financial reports with greater accuracy and efficiency. It does not introduce new accounting, auditing, or ethical standards.

XBRL Is Essentially a