Advanced Auditing
cAst 2.1
Yourl040Return.com
Evoluoting eBusiness Revenue Recognition,
lnformstion Privocy, ond Eledronic Evidence lssues
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[.EARNING OBJECTIVES .*-::: :ompleting and discussing this case
you should be able to [5] Recognize issues surrounding the privacy of customer information [6] Describe audit implications when transaction evidence is solely electronic [7] Recognize threats to eBusiness strategies, which rely solely on the delivery of services "via the Internet
.J:ntify business risks for Internet-only business :rldels
Le;ommend internal control improvements for "r eBusiness-based company Understand selected eBusiness related revenue :ecognition issues
.:l
i!- -centify
:et-only companies exchange banner ad services
accounting issues that arise when Inter_
INTRODUCTION
-]i:er being in business for only two years, yourl040Return.com has_quickly become a leading ::'-rr-ider of online income tax preparation and-filing services for mdividuaf taxpayers. steven -..cago founded the company business idea cine to him f", individual tax ^ft"i ^ ::eDaration software. As he stared at all the software,packages -hiil;h;;pt"g on the rh"frr", a"t a local computer ,:pply store, the following thought kept racing thro,rgh his riind,
"yith all of the tax law changes from year to year, why should I shell out $50 Jor a CD that will be obsolete next yeir, not to mentiin the $iO I haue to pay to-fite my taxes electronic,ally over the Internet? I'd rather pqt company a small irrirarrin,p ..a fee to use c o ntinu ally up d at e d t a x p r ep ar ati o n s oJtw;r;.,, l'-ot long after his shopping experience, chicago, an entrepreneur at heart, decided to create such a :ornpany' Less than one year later, Your1040Return..o-'b"grn operations in time for the next tax s aas on. OVERVIEW OF YO URT O4ORETURN.C OM OPERATIONS
\ our1O40Retum'com is an entirely Internet-based
Yourl040Return.com
Evoluoting eBusiness Revenue Recognition,
lnformstion Privocy, ond Eledronic Evidence lssues
-'u
'-:; s. Brasr,nv'FnaNrA.
Bucruess . srsvsx M. Gr,ovnn.Doucr,as
F.
pnawrrr
[.EARNING OBJECTIVES .*-::: :ompleting and discussing this case
you should be able to [5] Recognize issues surrounding the privacy of customer information [6] Describe audit implications when transaction evidence is solely electronic [7] Recognize threats to eBusiness strategies, which rely solely on the delivery of services "via the Internet
.J:ntify business risks for Internet-only business :rldels
Le;ommend internal control improvements for "r eBusiness-based company Understand selected eBusiness related revenue :ecognition issues
.:l
i!- -centify
:et-only companies exchange banner ad services
accounting issues that arise when Inter_
INTRODUCTION
-]i:er being in business for only two years, yourl040Return.com has_quickly become a leading ::'-rr-ider of online income tax preparation and-filing services for mdividuaf taxpayers. steven -..cago founded the company business idea cine to him f", individual tax ^ft"i ^ ::eDaration software. As he stared at all the software,packages -hiil;h;;pt"g on the rh"frr", a"t a local computer ,:pply store, the following thought kept racing thro,rgh his riind,
"yith all of the tax law changes from year to year, why should I shell out $50 Jor a CD that will be obsolete next yeir, not to mentiin the $iO I haue to pay to-fite my taxes electronic,ally over the Internet? I'd rather pqt company a small irrirarrin,p ..a fee to use c o ntinu ally up d at e d t a x p r ep ar ati o n s oJtw;r;.,, l'-ot long after his shopping experience, chicago, an entrepreneur at heart, decided to create such a :ornpany' Less than one year later, Your1040Return..o-'b"grn operations in time for the next tax s aas on. OVERVIEW OF YO URT O4ORETURN.C OM OPERATIONS
\ our1O40Retum'com is an entirely Internet-based