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Why Would the Company Want XBRL Assurance If the IRS

question 38

Essay

Why would the company want XBRL assurance if the IRS or SEC were going to be using its data?


Definitions:

Federal Taxes

Taxes imposed by the federal government on income, corporate profits, and goods and services.

Civil Law Remedy

A legal solution provided through the court system to resolve disputes, compensate damages, or ensure restitution in non-criminal matters.

Mississippi Valley

A region in the United States surrounding the Mississippi River, known for its significant historical and geographical features.

Civil Law

The body of laws that govern the rights and responsibilities either between persons or between persons and their government.

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