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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

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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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