Question: Why is XBRL needed in the financial community In your
Why is XBRL needed in the financial community? In your opinion, why did the Securities and Exchange Commission mandate its usage? What does it provide that was not available before XBRL?
Answer to relevant QuestionsUsing Figure 9.1 and 9.2 as guides, name four internal and four external databases that you think should be included in a data warehouse for marketing function of Procter and Gamble or the consumer packaged goods company ...XBRL allows disaggregated data to be presented to interested external parties. Financial analysts often predict one-year ahead earnings and then suggest whether an investor should buy, sell or hold a stock. Which type of ...Segregation of duties is an important internal control. What functions must be separated? If ideal segregation of duties is not economically feasible, what could be done to help compensate this problem?Which internal control(s) would you recommend to prevent the following situations from occurring?1) Authorization of a credit memo for a customer’s account (on receivables) when the goods were never actually returned.2) ...Both COBIT and ISO 27000 series are security frameworks. Are there significant differences between the two frameworks?
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