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Discuss Three Audit Implications of XBRL

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Discuss three audit implications of XBRL


Definitions:

Thought Processes

The mental acts involved in generating, evaluating, and utilizing information, including reasoning, problem-solving, and decision-making.

Basic Elements

Fundamental components or parts that serve as building blocks or essential factors in a system or structure.

Industrial/Organizational

A field of psychology that studies behavior in work settings, focusing on improving employee performance, motivation, and the overall health of the organization.

Subfield

A specialized area within a broader field of study, focusing on a particular subset of topics or methods.

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