XBRL potentially assists in strengthening information transparency because it: offers paperless reporting based on industry-specific standards. offers greater search power and customised information for different stakeholders. is a typology based on specific business reporting requirements. is technically superior to html and reduces the reporting time by businesses.
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solution :
The correct answer is
Offers great search power and customized information for different stakeholders
Explanation
XBRL has provided many benefits to the business organization and the related stakeholders . after the introduction of XBRL the need of manual entries has occurred which has allowed the more time for the analysis portion.
XBRL is a framework under which the business information are exchanged and it is freely available . XBRL offers a great search power to its stake holders. The search engine offers two different search option .
The customized information is generated using XBRL hence it also offers the customized information for different stakeholders.
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