Learning objectives
After completing and discussing this case you should be able to
1. Identify business risks for Internet-only business models
2. Recommend internal control improvements for an eBusiness – based company
3. Understand selected ebusiness related revenue recognition issues
4. Identify accounting issues that arise when Internet – only companies exchange banner ad services
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