1. How will XBRL change the financial reporting structure of corporations? 2. Discuss the benefits of XBRL in companies’ reporting. 3. Is continuous monitoring the same as continuous auditing? 4. How...

2. Discuss the benefits of XBRL in companies’ reporting.

3. Is continuous monitoring the same as continuous auditing?

4. How is continuous assurance defined?

5. Explain briefly the contributions of the continuous risk assessment process within an entity.