A few early lessons of e-commerce The terms "electronic commerce" and "e-commerce" generally refer to commercial activity involving the Internet, although they can also describe any commerce that relies primarily on electronic exchange of information. For many entrepreneurs, e--commerce is an entirely new market opportunity, while others see it as a versatile new channel offering opportunities to enhance existing markets.
This often requires that the quality assurance process around the internal audit process become better defined and alerts the general auditor and the audit committee to weaknesses in the internal audit program promptly. Risk-focused audit programs should be reviewed regularly to ensure that audit resources are focused on the higher-risk areas as the company grows and produces and as processes change.