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The SEC now requires filers to report financial statements using XBRL, or eXtensible Business Reporting Language, which is an XML standard for tagging financial reports

The SEC now requires filers to report financial statements using XBRL, or eXtensible Business Reporting Language, which is an XML standard for tagging financial reports to increase transparency of financial statements. How has this change affected general financial statement users? Did it improve financial reporting?

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