The impact of E-commerce on the auditing standards Dissertation

The impact of E-commerce on the auditing standards - Dissertation Example Continuous innovation in the information world has drastically changed the nature of works of business organization as well as of individuals. Substantial dependence on information system has also enhanced individuals’ innovative power. Today people can not only dream about some spectacular thing, but they can actually give a realistic shape to their dreams with the implementation of information system. For example, a few decades ago it was even beyond imagination that people can get the opportunities to enroll themselves in any foreign universities without making any physical presence. But continuous and spectacular innovations in the field of information technology have made people dream about distant learning where they can be in continuous touch with their tutors and college administration without making there physical presence in college campuses. Thus information system not only revolutionized they way people do their works, but also the way people think. In this age of highly improved information age ecommerce has become a very popular term. E-commerce can be defined as â€Å"the use of electronic transmission medium (telecommunication) to engage in the exchange, including buying and selling of products and services requiring transportation either physically or digitally from location to location. Introduction of ecommerce has been found to have produced some positive effects on economic performance of a country. It offers innovative ways of selling, delivering and receiving of goods and services and affects almost every industry and all aspects of business mechanisms and in this process dramatically contributes to productivity enhancement of the industries. In the field of auditing, ecommerce has been taking its place at very fast pace. However, it would be The proposed study will consider a particular set of widely used auditing standards in order to evaluate the effects of ecommerce on that set of auditing standards. For the purpose of the pro posed study, the impacts of ecommerce on US GAAS (US Generally Accepted Auditing Standards) will be studied. Thus the theme of the study can be written as follows: Effects of e-commerce on a particular set of auditing standards, i.e. US GAAS, in terms of the application of US GAAS and the outcomes. However, before proposing research questions and relevant research methods, it is very necessary to look into the findings of existing literatures in the relevant field of study. Given the research theme stated above, a number of research questions and corresponding hypotheses should be postulated in order to asses the impact of ecommerce. Now, one thing should be mentioned at this juncture in order to understand the next section that a number of factors are associates with the application of a particular set of auditing standards. The most vital factors are audit planning and implementation of audit plan. The research questions that should be presented later in this proposal should take into account all these facts. Apart form these, some parameters relating audit plan and implementation of audit plan should be taken into account in this research in order to measure the effect ecommerce on these variables. The literature review section should explain all the issue relating to impact of ecommerce on auditing, issues concerning audit planning and issues relating to proper implementation of audit plan. All these will provide required explanations of the research questions to be postulated after the literature revi