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The rapid explosion of the Internet has expanded the need for well-trained and experienced people to engineer and manage the network in a secure manner. With the need of network security experts far exceeding the supply, there are many job opportunities available in the area. In recent years, numerous reports have been commissioned by accounting bodies, for the sole purpose of examining the drivers of change that will impact on the role of accountants in the future. From these studies, a common consensus on the drivers of change include: the global economy, information technology, the empowered consumer, the demand for greater accountability, environmental and sustainability issues, new work patterns, new sources of competition, demands for small business, concentration of capital markets, and intellectual capital issues. The field of internal auditing has undergone revolutionary change.
In the 1990 s, a number of organisations worked to restructure the internal audit function, while doing so improve cost, performance and value. The main focus of internal audit is no longer restricted to hazard avoidance and compliance with legislation. Companies expect and demand that their internal auditors are capable of demonstrating skills in a variety of disciplines and that these skills are more representative of a consultant than that of an auditor. The forces driving change within the profession are as follows: e-business is changing internal audit in the same manner that it is affecting all aspects of business businesses continue to transform through mergers, acquisitions, and re-engineering of business processes the pace of change continues to accelerate The Internet is the engine driving the information age and the future of e-commerce.
Society and business has experienced a paradigm shift to the use and acceptance of electronic communications. This has been the catalyst for the increased demand within the business sector for people who have an understanding of and experience in managing communication networks. E-commerce addresses the needs of organisations, merchants, and consumers to reduce costs while improving the quality of goods and services and supply-chain management. Companies can no longer ignore the impact of e-business if they hope to remain competitive and successful.
There are many organisations unwilling to embrace e-commerce, due to the many issues that come with it. Firms that currently participate in Internet commerce show distrust in many e-business processes. The primary concern being the confidentiality and authenticity of transactions conducted on-line. Business-to-business e-commerce is expected to exceed $ 6. 3 trillion (in 2004), up from $ 43 billion in 1998 (web). Regardless of these predictions, the full potential of e-business will only be evident if business partners trust e-commerce transactions. As an essential part of an organizations risk management approach, Internal auditing, can play a large role in building trust.
Internal auditing specializes in those areas that create trust between partners. Left unsupervised, a number of e-business risks can surface which seriously threaten the trust. These risks centre on areas such as authentication, and encryption, shared applications and compliance with global privacy laws. Failure to identify these risks can cause serious detriment to the success of the e-business strategy being implemented. The internal audit can deliver value by addressing several key issues including: how careful is your firm with key internal and third-party information? is your technology reliable?
are your processes and procedures aligned with your technology? are your policies and procedures adequately articulated? who are your key e-business partners? are you living up to your privacy statements?
The information society concept has emerged and evolved mainly during the last three decades from an originally abstract object for discussion. It evolved into a widely accepted concept as a result of simultaneous advances in microelectronics, computing and communications. A successful information society evolution is currently seen as the foundation for future prosperity in modern communications. The role of wireless communication will adopt as information anywhere or anytime. The wireless communications industry its self in its life span has increased its growth enormously. Communication is the process of sending information to a receiver.
Communication starts when a sender wants to influence the receiver or the receiver needs information from the sender. The important factor relating to communication is the constantly expanding and increasingly sophisticated selection of technologies, which can be used to mediate the communication process. The new technologies are facilitating new relationships and as a result society is ever changing. The mobile phone when introduced in the mid nineteen nineties has continued to develop offering more methods of communication compared to its traditional audible voice only method and is now a very small and compact device that offers a vast spectrum of communicating information methods at a very affordable price for users. Its the price and effectiveness of portable devices such as the mobile phone that has created its popularity with the information world.
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Research essay sample on Role Of Internet In Modern Business
