Question: Explain how XBRL reduces rekeying data
Explain how XBRL reduces rekeying data.
Answer to relevant QuestionsWhat is metadata? Explain how XBRL uses metadata.Can a relational database be used to store XBRL metadata? Explain your answer. What other options are organizations using to store XBRL metadata in a database? Refer to the chapter opener, Meet a Ponzi Scheme. In your opinion, how much responsibility should Madoff’s accountant bear for the billions lost?Match the following terms and definitions.a. entity-level IT controls b. application controls c. IT general controlsd. operational controls e. financial controls f. compliance controls g. manual controlsh. automated controls ...The following exercise relates to application control objectives for the payroll cycle. 1. List at least two application controls used in the payroll cycle. 2. Give an example of how the associated IT controls would be ...
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