1) What is XBRL? Why is the SEC mandating its use by publicly traded organizations? What impact is XBRL likely to have on the accounting and financial services communities? Why?
2) Business Continuity Planning is becoming an increasingly common activity in most organizations. Explain what business continuity planning is and specify why organizations should engage in the activity. Using an example [Wal-Mart, British Petroleum, inter alia] explain why that organisation's response to crisis was / was not effective.
3) Identify the costs and benefits of complying with the Sarbanes-Oxley Act of 2002. Do you think the costs are justified?