Question

Which of the following is true of compliance reporting?

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

Answer 1

C. Compliance reports relying on XBRL are more advanced than electronic PDFs.

Step-by-step explanation:

Compliance reporting is a document compiled by often by the chief compliance officer that shows how a company is complying with the set rules, standards or regulations, examples of compliance report may be financial, technical, operational, and cybersecurity reports.

Compliance report relying on XBRL are more advanced than electronic PDFs because it gives easy access to communicate between businesses, it is also reliable and reusable means of information sharing.