To improve audit quality in terms of XBRL, one can:
A) A and B only
B) A and C only
C) B and C only
D) A, B and C

Question

To improve audit quality in terms of XBRL, one can: 
A) A and B only 
B) A and C only 
C) B and C only 
D) A, B and C

Quizplus · Accepted Answer

Improved audit quality can occur as long as the taxonomy has correctly classified items of data at its source. As part of this process, the coding and tagging of the items does itself need to be audited to ensure that the tagging is correct. Any changes made to the tags also need to be audited. Using XBRL, if the data is inputted correctly and the correct tag is applied, then the output produced from this will be correct.

To Improve Audit Quality in Terms of XBRL, One Can