XBRL Report XBRL, the eXtensible Business Reporting Language, is an open standards-based reporting system built to accommodate the electronic preparation and exchange of business reports around the world. XBRL started back in 1999 with 12 organizations as the founding members. There are now in excess of 450 organizations worldwide in over 30 countries involved in its development. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings
Q1) Public accounting can be seen as firms of accountants such as businesses “retailers, manufacturers, service companies” Non-profits individuals & governments.. The administrations and services provided by public accounting firms will fluctuate by the size and the expertise of the firm. There are Some of the public accounting services: preparation, survey “review” & auditing of the customers' money related explanations “ financial statements” tax work including the readiness of pay expense