In terms of XBRL,improved audit quality can occur as long as:
A)the taxonomy has correctly classified items of data at source.
B)the XBRL document represents a true and fair view of the firm.
C)any changes that are made to the tags are disallowed.
D)the stock exchanges have XBRL filing as part of their filing requirements.

Question

Quizplus · Accepted Answer

Improved audit quality can occur when the XBRL taxonomy accurately and appropriately classifies items of data at the source. This helps ensure the completeness and accuracy of financial reporting, which in turn can enhance audit quality. The other options (B, C, and D) are not directly related to improving audit quality through the use of XBRL.

In Terms of XBRL,improved Audit Quality Can Occur as Long