Question: 1. What are some of the common problems users encounter when trying to compare financial statements of companies (even when they are in the same

1. What are some of the common problems users encounter when trying to compare financial statements of companies (even when they are in the same industry)? Describe how using XBRL could help alleviate these problems.

2. What are the current XBRL filing requirements for publicly-listed firms in the US?

3. Why should a business create XBRL-enabled financial reports?

4. Does the FDIC require banks to file any report(s) using XBRL? If so, which reports?

5. Do you have experience filing with XBRL? If so, please describe your experience in some appropriate level of detail for the class. If you have no XBRL experience, indicate in your posting No Experience.

6. Perform a general Internet search; what services are now available to assist companies in compiling with XBRL filing requirements. Briefly describe the provider(s) and the services offered by at least 2 providers.

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