The SEC's Rule Titled "Interactive Data to Improve Financial Reporting

question 25

Multiple Choice

The SEC's rule titled "Interactive Data to Improve Financial Reporting" resulted in which of the following?

• A)XBRL International now creates yearly taxonomies for XBRL filing.
• B)Large accelerated filers must now format their financial statements using XBRL.
• C)U.S.banks must submit their quarterly "Report of Condition and Income" using XBRL.
• D)Updated the XBRL specification to the most current version.

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Definitions:

Visitor Interaction

The engagement and communication between visitors and a platform, exhibit, or service, often measured to evaluate user experience or effectiveness.

PR Leaders

Individuals who lead and manage the public relations activities of an organization, shaping its image and communications.

Successful Media Relations

involves strategic interactions and building positive relationships between an organization and media professionals to effectively communicate its message, news, or point of view to the public.

Journalists

Professionals who collect, write, or distribute news and other current information to the public.