FHU Corporation Has Been Completing Its SEC Reporting Requirements Using

question 23

Multiple Choice

FHU Corporation has been completing its SEC reporting requirements using XBRL for several months; the increased efficiency has increased profits, which in turn has had a positive impacton FHU's stock price. FHU tags its financial data using a dedicated software package. The company's Sarbanes-Oxley audits have become faster and less expensive as a result of XBRL.
-FHU has experienced several benefits from XBRL. Which benefit most clearly helps FHU address market risk?

• A) Increased efficiency.
• B) Dedicated software package.
• C) Sarbanes-Oxley audits.
• D) Market risk is not an issue for FHU.

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Definitions:

Profitability Estimates

Calculations or projections concerning the amount of profit a business is expected to generate over a certain period.

Ethical Violation

An action that breaches moral or professional standards, causing harm or wrong.

Illegal Copies

Unauthorized reproductions of copyrighted material, such as books, music, software, or films, without the permission of the copyright holder.

Conflict Of Interest

A situation where an individual's personal interests could potentially influence their professional decisions or actions, leading to ethical concerns.