Using XBRL Creates Some Risk Exposures for Organizations; an Effective

question 41

Essay

Using XBRL creates some risk exposures for organizations; an effective tool for managing risk exposures is the risk/control matrix.Using the format discussed in the text, create a risk/control matrix for the risk of XBRL tagging errors.

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Definitions:

Problems

Challenges, obstacles, or issues that arise in personal life, work, or any context requiring solutions or management.

Bias For Action

A business principle encouraging quick decision making and the initiation of actions without unnecessary delay.

Marketing Program Implementation

The execution phase of a marketing strategy where plans and concepts are put into action.

Line Positions

Roles or jobs within an organization that are directly involved in the core activities leading to the creation or delivery of the product or service.