Please help answer this question. Please do not reword any answers because that will confuse me

You are a senior consultant in the risk and advisory practice at your Big Four public accounting firm, working on a financial reporting engagement. Your client, Socrates, is a software as a service provider. You are presenting at an upcoming meeting of Socrates' department managers and senior leadership. Currently, Socrates' financial reporting is not as sophisticated as the reporting of competitors in the industry. Your consulting team thinks moving to XBRL is a way to close the reporting gap. You have been asked to give a brief talk on XBRL, including providing a general understanding of its functionality and benefits. This is what you say: (Enter answers in alphabetical order for (1) and (2).) "Fundamentally, XBRL is a way to (1) and (2) XBRL was created by using a form of (3) , which is a well-known computer language. It uses a(n)(4) , which is an open standard that is managed by the (5) . Using an open standard for this type of reporting makes the use of XBRL (6) . It uses (7) to associate parts of XBRL taxonomy to corresponding data, which is known as a(n) (8) . If we moved to XBRL instead of using our current process, which involves sending numerous copies to external parties, we would create a(n) (9) that would be used to share financial information with all interested parties. One main benefit of moving to XBRL is that we would have a more effective way to (10) , which will increase the efficiency of the Accounting department." ou are a senior consultant in the risk and advisory practice at your Big Four public accounting firm, working on a financial reporting ngagement. Your client, Socrates, is a software as a service provider. You are presenting at an upcoming meeting of Socrates' epartment managers and senior leadership. Currently, Socrates' financial reporting is not as sophisticated as the reporting of ompetitors in the industry. Your consulting team thinks moving to XBRL is a way to close the reporting gap. You have been asked to ve a brief talk on XBRL, including providing a general understanding of its functionality and benefits. This is what you say: (Enter Iswers in alphabetical order for (1) and (2).) indamentally, XBRL is a way to (1) and (2) BRL was created by using a form of (3) , wr n) (4) , which is an open standard that is mi . Using an open standard for this type of rep . It uses (7) corresponding data, which is known as a(n) (8) urrent process, which involves sending numerous copies to external parties, we woulc that would be used to share financial inform enefit of moving to XBRL is that we would have a more effective way to (10) crease the efficiency of the Accounting department