There is a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany, XBRL Japan, XBRL-Netherlands, XBRL-US, and XBRL-UK. What would happen if there were only one XBRL taxonomy for all countries?
What will be an ideal response?
Answers will vary! A potential solution might include a discussion of the differences in accounting standards between countries and even that tagging/wording for a very similar account might be quite different due to culture and language.
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