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Identify the enhancements to current information

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Reference no: EM133021545

QUESTION - John is a Director project that concerned about accuracy, completeness, and currency of data in automatically produced reports. He has heard about reporting system called Extensible Business Reporting Language (XBRL) and wonders whether a new system based on this technology would not be more effective and reliable.

Required -

(a) Justify whether the XBRL is the appropriate technology for internal reporting projects.

(b) Identify the enhancements to current information and reporting that the company could realize by using XBRL.

Reference no: EM133021545

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