3016(1 complete) HW Score: 10%, 0.6 of Question Help S1-7 (book/static) Companies are facing a great amount of change in every facet of their operations today. To remain competitive, companies must keep abreast of current developments in several areas. You recently got together with a group of friends who work for different companies. Your friends share information about their curr challenges in adopting new tools or complying with new regulations. Excerpts from the conversation are presented in the following sections. Tell whether each excerpt describes XBRL, ISo 9001:2008, e-commerce, the Sarbanes-Oxdey Act (sOX), or enterprise resource planning (ERP) systems. Suzanne:My company is working to demonstrate its commitment to continuous quality improvement. We are a b. Ying We have just installed a system at our company that integrates all of our company's data across al currently undergoing an extensive audit of our quality management processes. We hope to gain a competitive advantage through this process. systems. We have one central data warehouse that contains information about our suppliers, our customers our employees, ard our financia information The software retrieves normation from this single data warehouse and all systems are integrated. The process of implementing this system has been very expensive and tme-consuming, but we are reaping the benefits of being more streamlined, of being able to respond more quickly to changes in the market, and of not having several different software systems operating ndependently. Steve: I just started a new job in the Auditing Department. My new duties include assisting in the developmont of testing procedures and methods for determining the effectiveness of internal testing for assurance of compliance with corporate policies I am coordinating the review of securities filings or the Yukon Superintendent of Securities with our external auditors. I also am responsible for preparing controls. I also oversee the for management, the audit committee, and the external audhors