Why Is XBRL Needed in the Financial Community? in Your

question 30

Essay

Why is XBRL needed in the financial community? In your opinion,why did the Securities and Exchange Commission mandate its usage? What does it provide that was not available before XBRL

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Definitions:

House Committee

A smaller organizational unit within a legislative body that focuses on specific areas of legislation and policy.

Un-American Activities

Actions or behaviors considered contrary to the interests, principles, or ideals of the United States, often associated with the House Un-American Activities Committee (HUAC) which investigated such activities.

John Rankin

A U.S. Congressman from Mississippi, known for his support of white supremacy and his opposition to civil rights for African Americans, as well as his isolationist views before World War II.

Liberal Causes

Issues and movements that aim for equal rights, freedoms, and social progress.