Answer
The statement is correct.
Work Step by Step
Since A is an orthogonal matrix, then $A^{-1}=A^{T}$ and then $|A^{-1}|=|A^{T}|$
Since $A A^{-1}=I$, then $|A A^{-1}|=| A|| A^{-1} |=|I|=1$, therefore
$| A^{-1} |=1/| A |$
We know that $| A^{T}|=| A |$. Thus
$1/| A |=| A^{-1} |=|A^{T}|=| A |$
Therefore, we have $| A |^{2}=1$.
This implies that either $| A |=1$ or $| A |=-1$