Claro, Jan Elvis Sam-it, Donald Peralta, Kristine May M.

___________________ CASE STUDY #1

June 19, 2013 12:30-2:30 MWF Acctg 501

Assume an E-commerce company that sells various products over the internet to consumers. One certification from an auditor that states the company has (a) effective policies to ensure the following objectives and (b) those policies are implemented in a manner to achieve those objectives. 1. All goods are shipped in a timely fashion 2. The goods are exactly as it was advertised (c) The company stands behind any goods that are damaged in transit. (d) The company fulfills promises made in its credit policies. (e) Credit card and billing information are keep safe and are not sold to other E-tailers or retailers. Requirements: 1. For each of the assurances (a-e) indicate the evidences the auditor would gather in order to provide the assurance desired. 2. How often would the assurances have to be provided in order to meet the objectives sought by both the merchant and the consumer? 3. What would be the best way to present the assurance, how would the potential user become aware of the assurances provided? 4. Why would be a CPA be a good provider of such assurance? 5. What are the major attributes of a company that might not need such assurances? 6. Who are alternative providers of the above assurances?