QUESTION 1 (28 marks) Beginning May 2015, Securities Commission Malaysia (SC) is using the extensible Business Reporting Language (XBRL) for statistics, financial and regulatory reporting. XBRL is a well- accepted international data exchange standard that promotes efficient data capture, dissemination, and market transparency. It is part of the Capital Market Masterplan 2 (CMP2) initiatives to strengthen the market information infrastructure. Required: a) Explain FOUR (4) benefits of extensible Business Reporting Language (XBRL) for the Auditors work. b) c) (10 Marks) Discuss how the XBRL will safeguard the interest of shareholders in the capital market activities. (15 Marks) Give your opinion why is this alternative financial reporting emerges in today's era. (3 marks)