Which of the following is true of compliance reporting?
A)Supply chain management systems carry the major burden of compliance reporting.
B)Compliance reports primarily help in identifying events that fall outside accepted ranges.
C)Compliance reports relying on XBRL are more advanced than electronic PDFs.
D)In the United States, the South Eastern Conference (SEC)mandates all aspects of compliance.

Question

Quizplus · Accepted Answer

Compliance reports relying on XBRL are more advanced than electronic PDFs because XBRL (eXtensible Business Reporting Language) is a standardized format for electronic reporting that allows for the easy exchange and comparison of financial data.

Which of the Following Is True of Compliance Reporting