Internal Audit and E-Commerce Controls

Abstract

The roles of information systems (IS) and internal auditors in the success of e-commerce ventures are identified. IS/internal auditors should be involved in e-commerce systems development from inception onwards, in order to ensure the incorporation of effective controls. One internal control framework that may help with regard to e-commerce systems is from the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Control Objectives for Information and Related Technology (COBIT) framework addresses the need for management and control of IT. The Systems Assurance and Control (SAC) model focuses on how the risks resulting from rapid technology and e-business model changes can be managed both in discussion and implementation.

Keywords: Internal Audit, IT Auditing, E-commerce Controls

JEL Classification: M49, G34, M41, M46