In Terms of XBRL,improved Audit Quality Can Occur as Long

question 9

Multiple Choice

In terms of XBRL,improved audit quality can occur as long as:

• A)the taxonomy has correctly classified items of data at source.
• B)the XBRL document represents a true and fair view of the firm.
• C)any changes that are made to the tags are disallowed.
• D)the stock exchanges have XBRL filing as part of their filing requirements.

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Definitions:

Par Value

The nominal value of a security stated by the issuer.

Effective Annual Yield

This refers to the real return on an investment, taking into account the effects of compounding interest over a year.

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, including all payments of interest and principal.

Semi-annually

Semi-annually refers to an event or action occurring twice a year, or every six months.