friends who work for different companies. Your friends share information about their current 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$-$Oxley Act $($SOX$),$ or enterprise resource planning $($ERP$)$ systems.

and methods for determining the effectiveness of internal controls. I

also oversee the testing for assurance of compliance with

corporate policies. I am coordinating the review of securities filings

for the Yukon Superintendent of Securities with our external

auditors. I also am responsible for preparing periodic compliance

status reports for management, the audit committee, and the external auditors.

d$.$ Keisha: We have been working on a system to tag all of the financial information in our quarterly and annual reports so that our financial information can be shared easily. We will be able to attach a tag to each piece of financial information. For example, we can tag "net profits" wherever it appears in the financial reports. Any user accessing the financial reports would then be able to download the numbers for "net profits." Our shareholders and the analysts will be able to retrieve the information they need quickly, efficiently, and cost effectively.

e$.$ Roland: My company has been shifting much of our purchasing system to the Internet. We are now able to complete many of our business$-$to$-$business transactions via the Web, which generates little to no paperwork, lessens the chance of error, and decreases the costs of each transaction.

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