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.
Correct Answer:
Verified
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