E-business
E-business is the conduct of business processes through electronic systems and networks. For an audit, online transactions and automated interfaces can affect financial-reporting risks, controls and the availability or reliability of evidence. The auditor evaluates the particular processes and risks.
Worked example
An online retailer records sales through an automated platform; the auditor examines interfaces and controls over completeness and cut-off.
Common mistake
Do not assume electronic records are inherently reliable or that online sales always transfer control at the invoice date.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |