Using XBRL, an Audit Client Decides to Make Their General

question 36

Multiple Choice

Using XBRL, an audit client decides to make their general purpose financial reports continuously available and up to date and to have continuous assurance from the auditor.What would be the suitable criteria by which the auditor would judge whether or not there had been a material misstatement?

• A)ASAE/ISAE 3000 'Assurance Engagements other than Reports or Reviews of Historical Financial Information'.
• B)Extensible mark-up language (XML).
• C)There are no generally available suitable criteria for such engagements.The suitable criteria would have to be agreed between and the audit client and the auditor, and these would have to be publicly disclosed.
• D)Approved accounting standards.

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