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Explain the implication of current issues of xbrl

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Reference no: EM133002479

Question - The two professional accounting bodies in Malaysia, the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA) have raised concern over the importance of incorporating the concept of Extensible Business Reporting Language (XBRL). Therefore, an integrated report is the future of sustainability reporting and this involves reporting financial information in compliance to the International Financial Reporting Standards (IFRS) on the XBRL platform. Explain the implication of current issues of XBRL in the financial reporting and disclosure of financial information.

Any Financial Accounting and Reporting V experts help me to solve this question. Thank you in advance.

Reference no: EM133002479

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