Discuss the use of eXtensible Business Reporting Language (XBRL) has revolutionized financial reporting and analysis.

The use of eXtensible Business Reporting Language (XBRL) has revolutionized financial reporting and analysis. For this essay, critically analyze the benefits, challenges, and future prospects of XBRL in enhancing transparency and efficiency in financial reporting. Additionally, discuss the role of XBRL in facilitating the standardization and comparability of financial information across different entities and jurisdictions. Two resources have been provided for you to begin your research. Utilize a minimum of 4 academic quality resources and cite accordingly using APA.

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