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please answer all the questionss.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner. else leave it for other tutor

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)(BRL Reporting - XBFELUS has formed a workgroup to help develop a taxonomy for the eventual reporting of state and local government financial reports in XBRLformat. Its website is xbrl.usfhomefgovernmentfstate-and-local- governmenthinks to an external site.. Very few governments have actually attempted implementing XBRL reporting using the taxonomy being developed by XBR LUS. However. one county that has converted its nancial reports to an XBRL reporting format is Will County, IllinoisLinks to an external site. At least three years offinancial reports have been provided by the Will County Auditor's Office. You will need to access the XBRLUS website and the Will County Auditor's website for its Open Government Center to complete this case. Use the most recent XBRL chre report to anser the following questions. Respond to at least 2 peers by the due date to receive full credit for this discussion. 1. What is XBRL. and why is there an interest in its use by state and local governments? 2. What problem is the XBRLUS state and local government workgroup trying to address? 3. Does Will County use any custom tags? 4. What are your thoughts on implementation of XBRL reporting? Is it necessary and achievable

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