During the Covid-19 pandemic, many organisations have relied on information technology in their business which resulted in substantial surge in cybercrime. The impact of cybercrime on organisations has posed additional risk of materials misstatements which is becoming increasingly significant in relation to financial statement audits. Required: Critically discuss the importance of cybercrime security and the role of audits in relation to ISA 315 to address the cybercrime issue

During the Covid-19 pandemic, many organisations have relied on information technology in their business which resulted in substantial surge in cybercrime. The impact of cybercrime on organisations has posed additional risk of materials misstatements which is becoming increasingly significant in relation to financial statement audits. Required: Critically discuss the importance of cybercrime security and the role of audits in relation to ISA 315 to address the cybercrime issue

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SA

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Question 3

During the Covid-19 pandemic, many organisations have relied on information technology in

their business which resulted in substantial surge in cybercrime. The impact of cybercrime on

organisations has posed additional risk of materials misstatements which is becoming

increasingly significant in relation to financial statement audits.

Required:

Critically discuss the importance of cybercrime security and the role of audits in relation to ISA

315 to address the cybercrime issue

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