Currently when you have a Parent File with an XREF (child) linked to it when the XREF (child) is updated it doesn't automatically update the Parent File on BIM 360.
How you currently have to do it is if your XREF (child) changes you have to open each Parent File in AutoCAD and re-save the file. When opening the Parent File it will reference the updated XREF (child) that is saved on BIM 360.
So if your XREF (child) changes and someone unaware of this change opens a Parent File to view something based off the now outdated XREF (child) they are using wrong information which could lead to more issues.
The way I think it should work is if you have an XREF (child) used in a Parent File when the XREF (child) is changed all drawings using that XREF (child) should automatically version up on BIM 360 with the new XREF (child).