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:

Buying

The act of acquiring goods or services in exchange for money, encompassing both personal and organizational purchasing decisions.

Making

The process of creating or producing something, typically referring to manufacturing or craftsmanship activities.

Organizations

Groups of people who come together to achieve common goals, following a structured system and processes to ensure coordinated efforts.

Service Triads

A supply chain model where three parties are involved in the service delivery process, creating a triangular relationship.