XBRL Assurance Is Generally Expected to Include All of the Following

question 4

Multiple Choice

XBRL assurance is generally expected to include all of the following except:

• A)Assurance that the most current,standardized XBRL taxonomy is used.
• B)Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable.
• C)Assurance that the XBRL tagging is accurate and complete.
• D)Assurance that reports include all relevant financial and nonfinancial information.

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Definitions:

Discounts

Reductions from the regular price of goods or services, often used as a strategy to increase demand or reward customers.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining unpaid.

Lender

An individual, a financial institution, or an entity that provides funds to another with the expectation that the funds will be repaid with interest.

Economic Resource

An asset, commodity, or service that can be used to produce goods and services and thereby contribute to an economy's output.