Extensible Business Reporting Language (XBRL) has revolutionised the business world in terms of financial reporting.
Which one of the following is a disadvantage of XBRL?

Question

Extensible Business Reporting Language (XBRL) has revolutionised the business world in terms of financial reporting. Which one of the following is a disadvantage of XBRL?

Answer

There is a decrease in the accuracy of reporting.

Answer

The design of XBRL disallows compliance with IFRS and US GAAP requirements.

Answer

It is still challenging to report in different languages.

Answer

The initial cost of tagging XBRL data is high because it requires high labour input.

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Extensible Business Reporting Language (XBRL) has revolutionised the business wo...

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