The SEC has mandated the use of XBRL when filing financial statements to facilitate the electronic exchange of financial information. There are some disagreements regarding the power of XBRL. Some of your team's users believe it does not go far enough while others believe XBRL is an administrative nuisance. Explain which side of the argument you would take and why. Why do you think firms are reluctant to use XBRL?

The SEC has mandated the use of XBRL when filing financial statements to facilitate the electronic exchange of financial information. There are some disagreements regarding the power of XBRL. Some of your team's users believe it does not go far enough while others believe XBRL is an administrative nuisance. Explain which side of the argument you would take and why. Why do you think firms are reluctant to use XBRL?

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter2: Ethics & Governance Scandals

Section: Chapter Questions

Problem 4Q

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