Why is there a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany, XBRL Japan, XBRL-Netherlands, XBRL-US, and XBRL UK? What would happen if there were only one XBRL taxonomy for all countries?
Answer to relevant QuestionsHow would the XBRL style sheets be different for financial analysts as compared to the Securities and Exchange Commission? How would XBRL style sheets be different for a firm’s web site as compared to bank loan officers?Which of the four predicted assurance needs in the near future do you believe is most critical to ensuring XBRL accuracy? Support your answer.What are the objectives and components of COSO ERM framework?The global economic crisis in years 2008 to 2010 has stimulated many boards of directors and executives to reevaluate how they assess and manage risks. Use a diagram to describe the process of risk assessment. Give an example of employee fraud and identify reasons why it may occur.
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