The Impact of E-Commerce on Public Accountants Who Perform Audits

question 63

Multiple Choice

The impact of e-commerce on public accountants who perform audits of such entities is that:

• A) audit firms now must have information technology experts as partners in audit firms.
• B) auditors now need to be experts in e-commerce and information technology.
• C) auditors now need a basic knowledge and understanding of e-commerce and information technology.
• D) auditors must decline to accept the audit of such entities and leave non-audit organisations to perform these audits.

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Definitions:

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Any action or lack of action by caregivers or other individuals that results in harm, potential for harm, or threat of harm to a child, including physical, emotional, sexual abuse, or neglect.

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A legal requirement in many jurisdictions for certain professionals to report instances of harm or potential harm, such as abuse, to authorities.

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Formalized rules and standards that specify what is considered right and wrong behavior within a professional context, guiding the conduct of individuals within professions.

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