Why is knowledge of XBRL important to accounting professionals? Explain.
Answer to relevant QuestionsMatch the following terms and definitions.a. eXtensible Business Reporting Language (XBRL) b. metadatac. XBRL integrated tagging d. XBRL bolt-on tagging e. taxonomyf. elementsg. schemah. XBRL linkbasesi. instance ...At lunch one day, the topic of XBRL is mentioned. One of your colleagues says, “It has something to do with schemas, linkbases, and taxonomies—that is all I know.” Then he turns to you and asks, “What do you know ...Discuss how an organization’s network firewall fits into the three levels of IT controls.Match the following term and definitions.a. audit of internal control b. audit of financial statements c. IT auditd. integrated audit e. material weakness f. significant deficiency g. COSO_ _ 1. Deficiency that results in a ...Compare and contrast COSO’s Internal Control—Integrated Framework and COBIT’s framework. Use the following organizer for youranswer
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