You are working for a new company that is primarily an Internet-based sellerof goods whose business model is similar to eBay's. The company was foundedon principles similar to eBay's and is an online auction business, but has theadded benefit of having one common site that deals with customers world-wide. The CEO knows that privacy is very important in the online businessand has requested that the internal audit function draft a best practices privacypolicy for customers because the motto for the new company is "Your Pri-vacy is Our Policy." The company neither has, nor plans to hire, a privacy orcompliance officer. The CEO expects the CAE to lead this effort and ensurethe campaign delivers on the company's motto. With the advertising campaignslated to launch in one month, the CEO wants the privacy documentationfinalized as soon as possible.A. Identify key sources on privacy that are available for you to reference asyou define best practices.B. Determine the consulting engagement steps you would take and the areasof the company from which you would ask representatives to participatein the project.C. Identify the consulting engagement documentation you would prepare andthe information you would present to the CEO.

A . Key sources on privacy to be known as a best apply square measure as given below :Company adopt…

company that is of goods whose business model is similar to on principles similar to eBay's and is an onl. added benefit of having one common site tha wide. The CEO knows that privacy is very in and has requested that the internal audit fun policy for customers because the motto for ti vacy is Our Policy." The company neither ha compliance officer. The CEO expects the CA the campaign delivers on the company's mots

company that is of goods whose business model is similar to on principles similar to eBay's and is an onl. added benefit of having one common site tha wide. The CEO knows that privacy is very in and has requested that the internal audit fun policy for customers because the motto for ti vacy is Our Policy." The company neither ha compliance officer. The CEO expects the CA the campaign delivers on the company's mots

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.

Question

You are working for a new company that is primarily an Internet-based seller
of goods whose business model is similar to eBay's. The company was founded
on principles similar to eBay's and is an online auction business, but has the
added benefit of having one common site that deals with customers world-
wide. The CEO knows that privacy is very important in the online business
and has requested that the internal audit function draft a best practices privacy
policy for customers because the motto for the new company is "Your Pri-
vacy is Our Policy." The company neither has, nor plans to hire, a privacy or
compliance officer. The CEO expects the CAE to lead this effort and ensure
the campaign delivers on the company's motto. With the advertising campaign
slated to launch in one month, the CEO wants the privacy documentation
finalized as soon as possible.
A. Identify key sources on privacy that are available for you to reference as
you define best practices.
B. Determine the consulting engagement steps you would take and the areas
of the company from which you would ask representatives to participate
in the project.
C. Identify the consulting engagement documentation you would prepare and
the information you would present to the CEO.

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