Why Is Assurance Needed on XBRL Data? Why Will Financial

question 29

Essay

Why is assurance needed on XBRL data? Why will financial analysts need assurance that the XBRL data is correct? Support your answer.

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Definitions:

Sensory Perception

The process of receiving and interpreting sensory information through the five senses: sight, hearing, touch, taste, and smell.

Brainbow

A technique in neuroscience that uses genetic methods to label individual neurons with a multitude of fluorescent proteins, allowing for the visualization of neural circuits in multiple colors.

Neurons

Specialized neurons in the nervous system that communicate by sending electrical and chemical signals.

Multiphoton Imaging

A fluorescence imaging technique that allows imaging of living tissues up to a very high depth by using two or more photons in the infrared range.