Internal controls have four fundamental purposes. Which of the following pairs an internal control for XBRL with an appropriate purpose of internal control?
A) Centralized approval process for taxonomy additions, encouraging compliance with management directives
B) Daily data backups, safeguarding assets
C) Both A and B
D) Neither A nor B
Correct Answer:
Verified
Q36: Examples of XBRL tagging software include:
A)Rivet
B)PowerPoint
C)Internet Explorer
D)All
Q37: XBRL allows organizations to save costs by
Q38: Organizations can benefit from XBRL by obtaining
Q39: The text discussed five terms related to
Q40: From an accountant's perspective, one of the
Q42: As a form of internal control for
Q44: XBRL creates risk exposures for organizations that
Q45: The chapter discussed five key terms related
Q53: As a form of internal control to
Q65: Explain the structure of XBRL, including its
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