Auditing E-Commerce

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dragonofthesouth

44 posts

Geek

#61754 22-May-2010 14:29

Hello People,

I am in this auditing e-commerce class and I have a assignment where I have to give the pro's and con's about using audit reduction and reporting expert systems. When searching for information, it seems to be so broad. If anyone knows about these types of systems, would you please give me a description about them and how it relates to the e-commerce that would be great. If not, could you send me a link. I just need enough information to get started.

Thank You

nate

6473 posts

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#333691 23-May-2010 20:05

dragonofthesouth: I have to give the pro's and con's about using audit reduction and reporting expert systems.

I think you need to expand on these alittle further- I have no idea what you mean!

SlickRCBD

1 post

Wannabe Geek

#333846 24-May-2010 03:40

nate:
dragonofthesouth: I have to give the pro's and con's about using audit reduction and reporting expert systems.

I think you need to expand on these a little further- I have no idea what you mean!

I don't recognize that handle, but I think he's in my class. I'm having the same problem. We haven't had this topic covered at all in class, just given a lab to do. This has been a problem as the homework is issued by the college department committee and doesn't necessarily tie in with the lectures and often the teachers just hand it out without really explaining much. I don't know where to begin to look for information on what is discussed, and when I put "audit reduction" and "reporting expert systems" into google with quotes as shown this thread is the only result I get. I'm not asking you to do the paper, just tell me where to find some info to do the paper. It's only 500 words, so I really don't see the need to spend all day reading tons of information just for a stupid paper.
A few links to a few good articles from somebody who actually understands the systems that I can use as sources is all I'm asking for.

Here's all we were given, and it's obvious the transition in course material has struck again by not including some important information in the reading.

Introduction: You are working in ACME Inc. The senior management has asked you to prepare a report on audit reduction and expert systems.

Task:
"Using the [nonexistent] information and [nonexistent] examples in the readings [which didn't cover this] augmented with resources available through the internet and the Virtual Library, address the following:

What are the pros and cons of using audit reduction and reporting expert systems to audit your organization's e-commerce systems?

Address both the system-level internal audit support they can provide and the automated monitoring of daily activities.

Survey existing vendor solutions, and list the conditions that would apply or have to be imposed for such systems to be practical and effective?

Under what circumstances would you recommend the purchase of such systems?

Can they become good enough to preclude the need for human auditors-why or why not?

Deliverable and format: Write a 500 to 700 word summary in Microsoft Word format addressing the pointers listed in the tasks section.

dragonofthesouth

44 posts

Geek

#333850 24-May-2010 06:31

That is exactly it!!!!! The information that is found is so broad.

dragonofthesouth

44 posts

Geek

#333852 24-May-2010 06:51

I hope this helps. Read the sixth paragraph from the bottom.

http://csrc.nist.gov/publications/nistbul/itl97-03.txt

NonprayingMantis

6434 posts

Uber Geek

#333959 24-May-2010 11:38

from what I can remember about my audit course a few years back, Audit Reduction and reporting expert systems are basically just using IS to replace a lot of the work traidtionally done by manual processes in audit (ticking boxes, reconciliations etc).

essentially the benfits are:

faster than manual checking
more accurate
can cope with high volumes of transactions easily
cheap to run

the cons are:

difficult to program to meet every possible requirement
expensive to setup
often the unpredictable human element can be used to catch things. by eliminating this from the mix you risk your audit missing out on some unusual outcomes.
risk of complacancy - too much reliance on systems to check systems is dangerous.

dragonofthesouth

44 posts

Geek

#334616 25-May-2010 16:29

Thank You all for your help