XBRL reporting risk and the role of internal audit

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06/15/2012 by Internal audit services
XBRL reporting risk and the role of internal audit

At a glance

This paper reviews the risks when implementing XBRL and suggests how internal audit functions can help their organizations address reporting risks and improve supporting processes.

Companies that have been submitting XBRL reports are no longer covered by the SEC's modified liability provisions for XBRL reporting. This paper reviews the risks when implementing XBRL and suggests how internal audit functions can help their organizations address reporting risks and improve supporting processes.